Silicon Valley is not sending their best. They're sending people that have lots of problems, and they're bringing those problems with us... And some, I assume, are good people. - ThreadSky

aaronsojourner.org • 88 days ago

Silicon Valley is not sending their best. They're sending people that have lots of problems, and they're bringing those problems with us... And some, I assume, are good people.

Reposted from Aaron Sojourner

I'm old enough to remember when SV libertarians wanted a government bailout because they couldn't manage the risk of having a checking account.

Comments

turnerjoy.bsky.social•87 days ago

Turns out free money makes bad ideas a bit too affordable and instills false confidence

aaronsojourner.org•88 days ago

This guy demanded a government bailout because he and his business partners could not manage the financial risk that comes with having a checking account. I can't even... Failing up.
https://bsky.app/profile/bloomberg.com/post/3lclyd5o5zc2f

aaronsojourner.org•88 days ago

They have altogether too much money. They can't handle it.

They keep making terrible investments & then wanting us to bail them out.

Watch. They're heavily exposed to cryptocurrency. So they'll want to force U.S. taxpayers to buy it from them dear -- to cash them out, again!

nparikh.org•88 days ago

It’s actually a huge pain in the ass, in a certain specific sense, to have a lot of money because managing it becomes a real hassle. I had investors in my company who didn’t want us to exit because then they just have to figure out where to put even more cash (I am agreeing with you)

nparikh.org•88 days ago

It also becomes very lonely because you can’t talk to normal people about it and for some people they handle this very poorly

aaronsojourner.org•88 days ago

Tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny tiny violins.

aaronsojourner.org•88 days ago

There are easy solutions to those vexing problems that do not require the American government to waste its resources enriching them further.

mynahleague.bsky.social•2 days ago

No more bail outs for billionaires. Certainly not after cutting services, firing vets and the disabled, generally causing human misery. They can just eff off.

socrates80.bsky.social•88 days ago

Really the ultimate in white patriarchal privilege 🤦‍♂️

aaronsojourner.org•88 days ago

https://bsky.app/profile/aaronsojourner.org/post/3lclzntpo2c24

aaronsojourner.org•88 days ago

Either they:
- could not handle their corporate checking accounts or
- they were acting out of conflict of interest putting investor $ at risk in return for personal financial benefits from SVB.

Neither is good!
https://www.economicliberties.us/our-work/the-silicon-valley-bank-bailout-what-you-need-to-know/