Amidst all the finger pointing, there's one main culprit for the collapse of Silicon Valley Bank, write Jeffrey Sonnenfeld and Steven Tian
Such gaseous proclamations are false, intended to exploit this collapse for personal attention. While these emergency measures will have far-reaching and long-lasting consequences, there is zero intention to fundamentally transform the banking industry into a regulated utility or permanent destroy all prospects of shareholder value creation. The over-extrapolation of a set of interim emergency measures fosters more confusion and angst when sentiment is already eroding.
Even now, it remains perplexing to business observers why SVB launched such a massive capital raise with botched communications when it appeared to have more than sufficient liquid assets to cover ordinary demand and maintained capital cushions far beyond the regulatory threshold.
False narrative #4: Fighting last year’s war with rigid, inflexible economic dogma at the Federal Reserve A core principle of plaintiffs charges of liability from the carelessness of defendants is the classic allegation that whatever vulnerability they faced, were it not but for the condition caused by another party, they would not have been injured.
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