The failure of SVB can be directly traced to Donald Trump and the GOP devotion to de-regulation.

It was the GOP who changed Dodd-Frank.

Well, since these folks wanted to change the rules, they should live under the rules they changed.😒😒

Watching a group of dudes who normally preach from Ayn Rand's book of philosophy suddenly demand Biden rescue $SVIB depositors while simultaneously doing everything possible to cause more panic in mkts and around regional banks…. it's a #wholeotherlevel of hypocrisy

— Stephanie Ruhle (@SRuhle) March 11, 2023

One question I couldn’t answer yesterday was why SVB made the bad moves it made this week that led to the run by depositors. This great @Reuters scoop answers it: They were trying to stave off a downgrade by Moodys & acted on advice from Goldman Sachs https://t.co/pRNQ40Nps6

— Emily Flitter (@FlitterOnFraud) March 11, 2023

Free-marketeers in the streets, socialists in the spreadsheets. https://t.co/xjWzWH8hdC

— Jean-Michel Connard (@torriangray) March 10, 2023

ICAM👏🏾

Sell SVB off piece by piece! #RideOrDieDemocrats💙☠️💙☠️ #SVB #FDIC #JanetYellen #PresidentBiden pic.twitter.com/gBA0MI7AF2

— Texas Paul Schroder (@Paultx890) March 12, 2023

so, in review, vc guys:
– panicked en masse and killed SVB
– spent the weekend frantically trying to create a contagion panic
– have spent the morning congratulating each other for forcing the fed to act in ways the fed was already acting through the power of caps tweets

— GOLIKEHELLMACHINE (@golikehellmachi) March 13, 2023

You can absolutely make the argument that the VC bailout was necessary to prevent contagion and save the economy, but the anger at the millionaire class receiving government support in a cocaine heartbeat while people struggle to pay rent is completely fair and reasonable.

— Ben Collins (@oneunderscore__) March 12, 2023

Uh huh😒🙄

weird how it’s ok to bail some people out but not others pic.twitter.com/nOfYAKBEHQ

— pendejoe (@uspsveteran) March 10, 2023

This has absolutely NOTHING to do with a bank being "woke".
– 1 bank with an extreme Industry concentration got caught on the wrong side of the trade investing in MBS/UST.
– bad timing + communication around SVB raising $$ led to MASSIVE withdrawals & a run on the bank. https://t.co/OVtiwcvpyr

— Stephanie Ruhle (@SRuhle) March 12, 2023

JOINT STATEMENT FROM POWELL, YELLEN AND GRUENBERG:

*SVB has been resolved and "fully protects all depositors. Depositors will have access to all of their money" tomorrow

*New York's Signature Bank has been closed

full statement here:https://t.co/QS8ruEys18 pic.twitter.com/awFwZEqkzP

— Brendan Pedersen (@BrendanPedersen) March 12, 2023

FDIC ensuring that all SVB deposits will be available Monday helps companies make payroll and avoids contagion.
If equity gets wiped, and debt takes a haircut, investors who made a bad bet will lose, disincentivizing similar mismanagement in the future.
Seems like a good solution

— Nicholas Grossman (@NGrossman81) March 12, 2023

Uh huh😒😒🙄

Ro Khanna last night: The government must bail out SVB!

Ro Khanna in 2020: it was a mistake for the government to bail out the banks!

Guess it depends on whether the bank and its clients fund your campaign stash. pic.twitter.com/1t3Xrz99PN

— Reclaim the Fight 🇺🇸 🇺🇦 🏳️‍🌈 🇮🇱 🇹🇼 (@reclaimthefight) March 11, 2023

Today, Silicon Valley Bank (SVB), the nation’s 16th largest bank, COLLAPSED. Here is a rundown of what happened in plain English. 🧵

— Kang the Comptroller (@BuildingBread) March 10, 2023

Example: You deposit $100, the bank loans $50 to someone else and charges interest to make a profit.

This whole system works unless A) Too many depositors ask for their money at once or B) Too many people can’t pay their loans.

— Kang the Comptroller (@BuildingBread) March 10, 2023

Because of this, more clients were withdrawing from the bank than depositing and the bank couldn’t keep up.

That’s it. That’s the simple version of what happened to SVB.

— Kang the Comptroller (@BuildingBread) March 10, 2023

For visual learners (like me), here is my YouTube breakdown on the subject

Inside the SVB Collapse: How and Why | Explaining the SVB Collapse | Silicon Valley Bankhttps://t.co/No159IaNsx

— Kang the Comptroller (@BuildingBread) March 12, 2023

It's great that we have the VC industry. They take risks that move the economy forward and, also, periodically remind us why you don't want to have businessmen running the government. Win-win.

— Wojtek Kopczuk 🇵🇱🇺🇦 (@wwwojtekk) March 11, 2023

Peter Thiel never disappoints. https://t.co/wmk8VTcR1u

— James Fallows (@JamesFallows) March 11, 2023

You mean the guy who was touting crypto and trashing critics while he was selling crypto? That guy? Shocker! SVB Collapse: Peter Thiel’s Founders Fund Withdrew Millions – Bloomberg https://t.co/sfiPXUP8Iv

— Kara Swisher (@karaswisher) March 11, 2023

I'd hate to think it but since Peter Thiel seems to have played a big part in causing this bank run, advising his invested companies to pull their funds, should someone possibly be asking whether he might have shorted the bank's stock?

— Josh Marshall (@joshtpm) March 10, 2023

Sorry, can you clarify your argument now for a tech bailout within the context of how you were calling for mass unemployment over the past year?

Or was tech supposed to be excluded from your demands for people to be fired at scale? pic.twitter.com/HU2WvT2IOJ

— Heidi N. Moore (@moorehn) March 12, 2023

The idea that there's no losers in this situation false. The Fed and Treasury are letting the shareholders of SVB and Signature take the hit. Their shares will be worth a fraction of what they paid, if anything at all. The assets they own are what's covering the deposits. https://t.co/5RSHu3f6Uu

— The Biden Accomplishments Guy™ (@What46HasDone) March 12, 2023

Yea. The whole point of higher interest rates is to generate low tide and reveal who has been swimming naked the whole time.

People have been saying much of tech is a bubble since we went into post 2008 low interest rate mode, the whole point of raising rates is to pop bubbles!

— J. Kenji López-Main (@GKBesterfriend) March 11, 2023

😒😒😒

This Tweet is amazing, because this guy posted it for sympathy, not realizing that it's the best tick-tock of how exactly he and his idiot friends crashed a bank because they panicked in their group text.

This belongs in a museum (and possibly a courtroom). https://t.co/TRcCyDlstG

— The Biden Accomplishments Guy™ (@What46HasDone) March 12, 2023