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
Where do people think all those equities on #SVB's balance sheet came from?
Why do people think that Y Combinator-investors are vocally demanding a bailout?
Hint: some folks will lose all their profits when their convertible notes are sold at a discount.
https://www.svb.com/account/y-combinator