Seems clear the government isn’t going to do anything dramatic until they see some real contagion.
It will be interesting to see what happens tomorrow, but fuck Twitter for the rest of the weekend.
Discussion
Just the weekend? Why stop there? #MarchOffTwitter
I won’t be able to resist VC tears if mismanaged companies start missing payrolls this week.
I’ll be surprised if that happens though. FDIC will probably push out 50% of uninsured deposits this week and only the most incompetently run businesses will end up having real trouble.
VC tears are very tempting, but I must remain strong!
Read this morning that SVB’s UK branch has fallen too.