into giving them billions for crypto Ponzi schemes: The tech industry and its financing are about relationships.
Something like this could start to happen in the wake of SVB’s failure. Anything I write about how this saga ends is likely to be out of date even before it’s published, but one plausible scenario is that a Wall Street bank buys up SVB, acquiring both its assets and its depositors—the kind of thing that often happens in a bank failure. That would help prevent the startup world from screeching to a halt, and the buyer would gain access to a whole new class of customers.
Perhaps they could find a bank that isn't held together with toiletpaper tubes, rubber bands, bits of dung, and blasting caps.
Lmao
All the libertarians should buy this bank, save it, be their bank. Problem solved. Meanwhile, sanity will reinstate banking laws mor*n trump and libertarian trash over turned for donations. You break it, you fix it. Bootstraps as libertarians say.
Unlimited cash with no responsibility? Sounds like the Fed has some competition.
It'll probably get acquired by one of the four multi-trillion assets banks. My guess, Wells Fargo.
... oh yes they can... all that's needed is a paradigm shift in the traditional banks... and/or a specialized division that understands tech customer needs...
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Source: WSJ - 🏆 98. / 63 Read more »