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SuckMyBallz t1_jc7ah9r wrote

Reply to comment by Greenmind76 in Silicon Valley Bank posted 'financial crimes' senior manager job listing just before closure by carolinaindian02

Nobody got bailed out here though except people who had their money in the bank. The bank didn't get bailed out. They no longer exist. The feds are going to give everyone their money that they deposited then recoup the costs by selling off the banks assets. No body is getting free money in this scenario. The back is shutdown and the consumers who had money in the bank will be made whole. This is the opposite of the 08-09 bullshit.

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shalafi71 t1_jc9d647 wrote

And if the consumers weren't made whole, those are some of our company vendors. Price hike for us, less money for us.

I should note: My company shares profits very equitably and is 100% aboveboard as to reporting our financial health and plans.

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