flexghost.Federal authorities are seriously considering protecting all uninsured deposits at Silicon Valley Bank
With your tax dollars
Here’s my proposal: fuck you, no.
Claw back the bonuses SVB gave staff HOURS before the collapse. Then we can talk.
Kieran Kelly@flexghost These bonuses were paid out hours before the collapse, but they were scheduled payroll bonuses that were already in motion days or even weeks before the collapse.
There's nothing nefarious there. Clawing them back would just punish the employees, not the actual executives and outside stakeholders who orchestrated the run on SVB.
@kk found the neoliberal