- don't rescue a venerable, functional institution that is modestly, temporarily impaired, partly due to terrible risk management and partly due to a tsunami of cash flowing in and then starting to flow out. (SVB didn't have to buy Treasurys, could have lent overnight, deposited at Fed and taken interest on excess reserves. Instead they stretched for a relatively puny yield pickup and got badly burned.)
- don't calm the waters. instead, tell people to take money out
- short SVB stock and make a killing
- say it's Biden's fault and he has to do something and bail the startup ecosystem out
Bill Ackman didn't do all these things but as a group that's what people like him and Thiel and Musk 100% did. They want to be disruption chaos monkeys and then have the taxpayers bail them out of a mess they created. Remember than when they go bananas about Biden wanting them to pay similar tax rates to middle class folk.
- be richer than God
- don't rescue a venerable, functional institution that is modestly, temporarily impaired, partly due to terrible risk management and partly due to a tsunami of cash flowing in and then starting to flow out. (SVB didn't have to buy Treasurys, could have lent overnight, deposited at Fed and taken interest on excess reserves. Instead they stretched for a relatively puny yield pickup and got badly burned.)
- don't calm the waters. instead, tell people to take money out
- short SVB stock and make a killing
- say it's Biden's fault and he has to do something and bail the startup ecosystem out
- https://tenor.com/view/the-big-lebowski-youre-not-wrong-just...
Bill Ackman didn't do all these things but as a group that's what people like him and Thiel and Musk 100% did. They want to be disruption chaos monkeys and then have the taxpayers bail them out of a mess they created. Remember than when they go bananas about Biden wanting them to pay similar tax rates to middle class folk.