SVB chief pressed lawmakers to weaken bank risk regulations
with no dog in this fight, I see this as some enforcement grudge match from NY capital old-school on California capital new-school, triggered by zero tolerance for crypto.<p>IMO - almost all the leveraged finance in the last 20 years is already over-the-top and mostly "fake money".. who gets the axe first is politics. Supporting statement to this heresy? When the "real economy" tanked due to covid-19 lockdown, the paper tigers of Bloomberg continued to gain wealth, not a little, a lot. Where does that come from?  ad sales alone?  Oil and Gas Arab cash leveraged out into a hundred counter-parties with big names?  Whatever the "technical" explanation.. lots of musical chairs games are up today.  cheers<p><i>edit</i> cannot help but pile on here.. Roku (who I have never heard of as a consumer) had two Billion USD in <i>cash</i> ?  wtf