Looks like some VCs came together after all. This would be too much of a loss to the startup community.

Wall Street — not taxpayers — will pay for the SVB and Signature deposit relief plans

https://www.cnbc.com/2023/03/13/wall-street-not-taxpayers-wi...

They will not. They will pass the cost on to the end consumer. You seem to mosunderstand how finance works. When you're the middleman, you have no problems. Only the consumer does.

Competition between banks reduces prices the same way it always does.

The banks that failed in the last week were closer to monopolies than most banks and it doesn't seem like it helped.

That's great to hear but where were some of them spreading a different message on Thursday?! $42B was withdrawn on Thursday from SVB! SVB on it it's own, some VCs and some startups just killed their own circle of support.

https://www.bloomberg.com/news/articles/2023-03-11/svb-depos...

$42B was withdrawn from SVB on Thursday. That's a lot of $$$ in one day. No wonder this collapsed. CRO/CEO should be held accountable, including their poor messaging that started this. So should anyone who was spreading the panic including some VCs and startups.

Poor messaging amplified by speed of light communications (twitter) and fast online redemptions. We're in a new era of flash mob bank runs. Likely time for a rethink on regulations - like moving to daily mark-to-market of bank security holdings.

Well said