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Silicon Valley Bank
unworthy of bailout
Silicon Valley Bank does not warrant a bailout. Tech startups and VCs trying to make their buck aren’t critical to our societal well-being.
The failure of SVB has shown the weakness of the overpromising, razzle-dazzle tech sector that has been flaunting sane market fundamentals for years with excessive speculation funded by cheap credit, continuous investment and hope. The people who have lost out in the SVB collapse are wealthy, speculative, selfish and short-sighted, and I don’t believe any of them deserve sympathy for their losses; those losses are lessons
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