What do Peter Thiel's political party and contribution activity have to do with Silicon Valley Bank's solvency?
Who eased the Banking Regulation limits from $50B to $250B, allowing SVB to take Billions during the pandemic and invest them in low interest MBS without hedging them appropriately?
https://www.reuters.com/article/us-usa-trump-dodd-frank/trum...
Is that a friend of Peter Thiel? Someone he's been a vocal political and financial supporter for?
It's not like Thiel called up Trump and they made this happen over lunch.
SVB lobbying using McCarthy's chief of staff. Hmmm.
Think Thiel might have made a call? Maybe since he had so much money (of his investees) in it? Wasn't he recommending SVB?
Just asking questions.
I don't know. I didn't look up the vote. My point was that it wasn't only Trump and instead involved hundreds of others.
SVB would likely have had a run eventually given that the increased withdrawal/desposit ratios of a cooling VC market would have eventually forced them to lower interest on customer deposits very low compared to other banks (because they had a lot of underperforming assets in their books in their HTM portfolio), at which point a lot of deposits would have been moved elsewhere naturally, forcing the sale of non-HTM securities and probably eventually forcing the sale of HTM securities at a loss (triggering insolvency).