Yesterday, high-profile investor types declared that the govt should definitely bailout SVB.
Now the govt are "refunding" the depositors, but not the shareholders.
In what way is this a bad thing, if someone is willing to play the devil's advocate for a second?
Either these high-profile investors only want to save their own asses OR they ostensibly have a bigger plan to rescue the banking system in some unbeknownst way.
I'm interested in hearing the rationale for the latter.
Now the govt are "refunding" the depositors, but not the shareholders.
In what way is this a bad thing, if someone is willing to play the devil's advocate for a second?
Either these high-profile investors only want to save their own asses OR they ostensibly have a bigger plan to rescue the banking system in some unbeknownst way.
I'm interested in hearing the rationale for the latter.