Your willful ignorance is noted.."SVB collapse: Peter Thiel’s role scrutinized as spark of bank run"

TyroneIrish 25868 posts Joined:
Posted

from the attached 'Washington Examiner' (not a left-leaning publication)...
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Tech mogul and Republican campaign donor Peter Thiel is being accused of sparking the run on the bank that forced regulators to close down Silicon Valley Bank.

Journalists and critics have turned their focus on Thiel in the wake of SVB's collapse, accusing him of influencing businesses to withdraw their funding from the bank. His efforts are thought to be the first that eventually sparked the bank run, leading to California regulators intervening.
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Better yet, read the whole article...I'd REALLY like to get your thoughts on it.

Link: https://www.washingtonexaminer.com/news/business/svb-collapse-peter-thiel-silicon-valley-

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  • Your willful ignorance is noted.."SVB collapse: Peter Thiel’s role scrutinized as spark of bank run"Link TyroneIrish