> When federal regulators stepped in to backstop all of Silicon Valley Bank’s deposits, they saved thousands of small tech startups and prevented what could have been a catastrophic blow to a sector that relied heavily on the lender.
Both can be true. Thousands of the "little guys" were saved. Some big names benefitted too. And?
Look, they could have looked up the architectural plans and realized the building was skirting the edge of code. Chose a different building. Someone of them should have known better. Had the resources to do all of that.
But the building had nice amenities at an attractive price. I mean, they should have been sophisticated enough to know that this kind of deal is too good to be true. Rents are high for a reason you know! Why is it up to the public to rescue them?