Posted on 03/14/2023 12:09:28 AM PDT by dennisw
Silicon Valley Bank was in many ways a climate bank,”
It probably should have been a bank bank.
A silver lining!
Beyond the obvious fleecing of taxpayers via government subsidies, exactly what is the business model of a climate startup?
This is happening in a country where no bank will lend $100,000 to an 18 year old who wants to start a business, but will let same 18 year old run up $500,000 in “STUDENT DEBT”.
The bank should have been allowed to fail, and the depositors should not have been bailed out. Then we would not have any more “climate banks” being started.
Could be too easy funding of unprofitable ventures was at least part of the problem.
You’re welcome. Just tell him to be ready for some strange responses.
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