We heard they were close to a deal over night Thursday but the stock tanked so fast Friday morning they couldn’t get it done before the Fed shut them down. Hopefully they’re going to get something done this weekend.
And I just want to remind my fellow FReepers that while - yes - there can be a lot of wokester/jokester youth in the startups, they're there now in the established companies as well.
For many established professionals who don't want to deal with the nonsense of corporate life - DEI or otherwise - starting up their own company is a great path. Don't be so blind in your hatred that you bring hardship on those on the battlefield that agree with you.
The one question lurking in my mind is this: The crisis in the news is the bank’s shortage of cash … but is there also a balance sheet of bad loans lurking in the background?