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Natsu

Dunno about insiders, but some old tweets called out trouble well before the fact:

https://twitter.com/ByrneHobart/status/1628779894183272452

https://twitter.com/RagingVentures/status/161582608803847373...

EDIT: This tweet also proposes a timeline for the collapse based on one of those tweets -

https://twitter.com/itsurboyevan/status/1634603869752766471

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Wow, some people are really prescient: "And even if the company did run into trouble, there are good political reasons to think that depositors wouldn't be harmed: the people who donate the legal maximum to political campaigns are disproportionately likely to bank with Silicon Valley or work for companies that do."

As if that's why they got help? Come on. The risk of a domino effect of bank runs destroying the banking system, and thereby the economy, is why the government acted tonight. Remember that the Biden administration are not really big fans of the tech industry.

> The risk of a domino effect of bank runs destroying the banking system,

That's the exact speech made by those people, and we know it because they have money and, hence, they have ideological clout and access to our eyes and ears. Had this been a bank from fly-over-country the discourse would have been totally different.

Not everything is a conspiracy

Just a coincidence that crises affecting only groups of less connected and less rich people rarely seem to get such high priority.

It's no coincidence that preventing a nationwide bank run is of higher priority than other, lower priority things.

Is there an example of a similar crisis that affected less well connected people and was handled differently?

This is a serious question, not an Internet dunk or whatever. I'm not very knowledgeable on these topics.

The bottom rungs of US society have innumerable crisis going on. Housing, healthcare, education, nutritional food, childcare, etc.

The point is if things threaten the functioning of upper rungs of society, it gets worked on over the weekend by the leaders. If poor children do not have access to nutritional meals in schools, this gets knocked around for decades and decades while obesity and diabetes run rampant.

A simple example is spending the money to put whole grains, vegetables, and freshly prepared non sugary foods into a child’s plate twice a day during school hours. This would only require paying a few school employees well and paying a few dollars per meal per student for ingredients, but it is not something that has happened.

It is embarrassing to say the least.

I thought the proper word for things like this was "privilege"?

Democratic campaign donors are not rich people, they're 40 year old middle class white women.

That's exactly what they want you to think.

The legal maximum is around $5000, so this is invoking a conspiracy to protect lower-middle-class thousandaires. So… that's fine then.

Lower-middle-class thousandaires don't have $5,000 to donate to a single candidate, let alone hundreds of them. I am not sure how much money you need to be making to donate the maximum to a single politician, but I'm guessing it's in the low-to-mid-six figures before you can have a $5,000 donation as a reasonable budget item.

How many "lower-middle-class thosandaires" do you imagine donate the legal maximum to political campaigns? Even if it does happen it can't be with any significant percentage.

A lot of people donating to a few campaigns matters more than a few people donating to a lot.

Though maybe not so much max donations, but those matter less when you can pick up so many more $25/month Actblue donations.

Are you purposely ignoring the rules around donating to PACs and similar? They are defacto part of the political influence economy, and are not limited like that.

Those were Jan/Feb, how about Dec 2021?

https://seekingalpha.com/article/4565388-svb-financial-blow-...

*Dec 2022

I cannot find it now, but there is a twitter thread from January where the guy predicts SVB bank run and implies that his prediction does not cause a bank run itself for his prediction to come true.

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