Operation Chokepoint as data collection.
To quote Jeff Carter, who knows something about risk::
"Here is a risk manager’s profile at SVB but candidly, they went without a Chief Risk Officer for 10 months while the Federal Reserve raised rates in an unprecedented manner. Amazing how management didn’t have its eye on the ball. I scrolled through the top leadership on their website and read their bios. There is a lot of virtue signaling about inclusion and giving back. They went to “top schools”. The current risk manager who joined the bank in late 2022 worked in banking but went to Harvard majoring in political science and public policy."
kek
Ahhhh, that's why.
PiQ
@PriapusIQ
⚠️ BILL ACKMAN SAYS COLLECTIVELY HIS VENTURE EXPOSURE TO SVB IS LESS THAN 10% OF HIS ASSETS - TWEET
https://twitter.com/PriapusIQ/status/1634697466061770752
Reuters
@Reuters
Hedge funds offering to buy startup deposits stuck at Silicon Valley Bank, Semafor reports reut.rs/3JduI4a
https://twitter.com/Reuters/status/1634704546827059200