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1. Embed this notice
   Ken White (popehat@mastodon.social)'s status on Saturday, 11-Mar-2023 11:00:20 JST Ken White

   I know I am extremely culturally biased but “Silicon Valley Bank” kind of screams “Juicero Pets.com Savings and CryptoLoan” to me.

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   • Embed this notice
     G (stark@mastodon.mit.edu)'s status on Sunday, 12-Mar-2023 00:26:27 JST G

     in reply to

     @Popehat this just isn't complicated

     clacke likes this.
   • Embed this notice
     clacke (clacke@libranet.de)'s status on Sunday, 12-Mar-2023 00:26:28 JST clacke

     in reply to

     • GraveScarecrow
     @gravewriter71 @Popehat Indeed. Like, really, you didn't expect them to move fast and break things?
   • Embed this notice
     GraveScarecrow (gravewriter71@universeodon.com)'s status on Sunday, 12-Mar-2023 00:26:29 JST GraveScarecrow

     in reply to

     @Popehat I had a fun chat today with one of my employer's finance dept people today, who agrees: "Never put money in anything with 'Silicon Valley' in the name."

   • Embed this notice
     Andrew Leahey (andrew@esq.social)'s status on Sunday, 12-Mar-2023 00:26:31 JST Andrew Leahey

     in reply to

     @Popehat “Definitely Not Horse” brand beef patties.

     clacke likes this.
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     Kent Willard (kentwillard@mstdn.social)'s status on Sunday, 12-Mar-2023 00:26:38 JST Kent Willard

     in reply to

     @Popehat I see the liberal media have gotten to you too. I'll withhold judgment until I see tonight's 2 am George Santos infomercial.

     clacke likes this.
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     Harry Tuttle, heating engineer (cincimike@mstdn.social)'s status on Sunday, 12-Mar-2023 00:26:40 JST Harry Tuttle, heating engineer

     in reply to

     @Popehat I want to put my money where everyone thinks everyone else is a mark

     clacke likes this.
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     KMD001 (kevindunseath@mstdn.social)'s status on Sunday, 12-Mar-2023 00:26:42 JST KMD001

     in reply to

     @Popehat I wonder what the bank regulators will do with what I assume is a basement full of cryogenically frozen tech billionaires

     clacke likes this.
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     clacke (clacke@libranet.de)'s status on Sunday, 12-Mar-2023 00:26:43 JST clacke

     in reply to

     • What A Guy
     > both you and your clients have the same wildly optimistic investment profiles
     The ultimate bad call.
     
     @yagathai @Popehat
   • Embed this notice
     What A Guy (yagathai@retro.pizza)'s status on Sunday, 12-Mar-2023 00:26:49 JST What A Guy

     in reply to

     @Popehat Nah, it was a legitimate bank that made a couple of bad calls and then fell victim to a run. This is what happens when both you and your clients have the same wildly optimistic investment profiles, which means you have the same vulnerabilities. If both you and your clients shit the bed when interests rate rise, well, you're the most vulnerable to a run when they're most likely to run on you.