I think impartiality applies to all outlets. So long as he has a contract that stipulates how he's to behave in public life, then he has to abide by that agreement. Props to him, because I'd just leave the bbc and continue on my fight. Twitter couldn't ban him, if it did then that would be like on a Trump esq scale for people in the UK.
Discussion
It’s one of those big stories that buries everything else, the whole sports reporting industry has effectively gone on strike in support of Lineker.
Lots of complex scandals are also being rushed into print at the moment, the SVB contagion is fairly buried and that gives more scope for janky announcements around SVB.
Didn't UK say they were going to extend help beyond the £85k limit for SVB's UK subsidiary?
To be fair, SVB is an important lessons banks and just how social media can cause major problems if the narrative is not controlled.
They obviously paid no attention to CZ and FTX, how in the space of 2 days, SBF went from Sam BankMan Fried to Sam BankMan Fraud.
SVB wasn't in bad shape, there aren't many institutions right now that do not unrealised losses if taken marked to market (I'd hate to look at insurers right now). But now with the ability to move deposits almost instantaneously a situation can get out of hand real quickly if left unabated.
The bank has more than enough assets to cover depositors if all assets were liquidated today. Just a shame, it has played out like this as it puts business operations at risk.
Raising the insurance limit to unlimited, whilst the bankruptcy is unravelled is a very easy way to stop contagion.
This is effectively bailing out depositors and not creditors.
This is what we should have done in 2008 instead of ZIRP and a decade of lost productivity.
But yes, CB’s are often blindsided by things because they come from new angles and recent innovations and not the tedious old institutions where regulators spend 98% of their time.