Hacker News Reader

Assets - 100b Liabilities - 130b

Who is going to buy this bank? I wouldn’t take it if you gave me 40b. That’s why they had to make a new bank.

Probably the good old federal government. Something something too big to fail.

I love the optics of remnants of Silicon Valley bank being owned by the gov alongside Fannie and Freddie. Behold the graveyard of poor risk management.

Reply on news.ycombinator.com