More proof that a government bailout would go straight to the pockets of the 1%: Hedge funds are reportedly offering 60-80 cents on the dollar for certain #SVB assets. This tells us 2 things: there's profit to be made on the assets of SVB *and* the 20%-40% loss would be the amount that taxpayers would be gifting to the a—holes that literally directed this meltdown.
The key thing to note about reporting that hedge funds are trying to buy #SVB assets is that they're going directly to startups. They're taking advantage of the panic to make a profit. They're quite literally behaving like predatory payday loan sharks. They know damn well that the money is all there, and that they'll be able to cash in at 85-90 cents on the dollar. If there's a bailout, they'll profit the full difference up to $1
https://www.reuters.com/business/finance/hedge-funds-offering-buy-startup-deposits-stuck-silicon-valley-bank-semafor-2023-03-11/
The key thing to note about reporting that hedge funds are trying to buy #SVB assets is that they're going directly to startups. They're taking advantage of the panic to make a profit. They're quite literally behaving like predatory payday loan sharks. They know damn well that the money is all there, and that they'll be able to cash in at 85-90 cents on the dollar. If there's a bailout, they'll profit the full difference up to $1