... though finance is very much about connections, charisma and acting tough, and backchannels. aaand sometimes fundamentals. it's very hard to know if they could have organized/coordinated/managed to put together a rescue package.
there was a 15B liquidity hole after all.
https://blogs.cfainstitute.org/marketintegrity/2023/03/13/th...
by forcing a bank run and crying about payroll they managed to get the government to step in and basically undo SVB's bad deals, at the cost of sacrificing SVB itself. but VCs are happy now, they had the opportunity to both enjoy SVB up to now and have a financially zero-cost exit.
if the fallen SVB management gets the same treatment as the fallen WeWork management their egos will be fine at the golf courses.
