Don't forget the benefits they got from white glove treatment and easy access to... | Hacker News

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		moose_is_loose on March 12, 2023 \| parent \| context \| favorite \| on: Joint statement by the Department of the Treasury,... Don't forget the benefits they got from white glove treatment and easy access to loans. This wasn't a one way street, there was a reason they deposited the money there.

scatters on March 13, 2023 [–]

What loans? SVB's problem was that its customers didn't need loans, since they had VC money and just needed somewhere to put it.

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