Why should they not get credit for taking risks or doing something new? How is that related at all? The risks they take are based on the viability of their product. It was never (supposed to be) based on the risk of if their banking institution could provide them with their cash as needed. None of that has changed.
We’ll because taking risks by definition means you could end up in a negative situation and so it should be more of a personal decision?
It seems like SVB took a risk and lost.
If the majority of Americans voted for SVB taking higher risks it would be understandable but now who comes up with the missing money ? The government, which is tax payers who are already probably getting the raw end of the stick financially compare to silicon valleys.
I think this bailout will see a lot of political backlash.
