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Silicon Valley Bank Collapse: Implications And Steps I Am Taking In Singapore
By My 15 Hour Work Week  •  March 13, 2023
In case you are totally oblivious, Silicon Valley Bank (SVB) suffered a bank run over the past week and became a failed bank. It is a decently large bank that services tech and crypto start-ups and in a crisis developing over the past weekend, depositors were left in limbo. In the end, the US government/ Fed stepped in to protect all depositors. Not exactly a bailout as it is expected that all equity and bondholders will be largely wiped out. So big difference compared to 2008. Thoughts On Bank Regulations This definitely sets a precedence. If you think about it, there has to be tighter regulations to prevent a bank’s management from degening and taking huge risks with bank deposits, knowing that the deposits will always be guaranteed by the government. If left to the free market, I guess shareholders and bond holders would have to take the steps to sue management and make an example out of them....
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By My 15 Hour Work Week
Hi, I am Thomas (a.k.a. Mr 15HWW) and I am in my early thirties. Very happily married (very strong emphasis here), I am the co-writer behind this blog. The other permanent writer is my wife Jasmine who has written two blog post so far (good luck searching for it here). But well, her contribution goes far and deep since she thinks she is actually the mastermind behind the rest of the other post ...
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