… “Public markets are too slow for this kind of capital raise,” said Steven Kelly of the Yale Program on Financial Stability. “They’re great if you are doing an IPO and you aren’t in a sensitive environment.” … .. “Furthermore, if a bank is known to be actively raising capital before being able to close the deal, its stock could face intense pressure and speculation about its balance sheet. That happened to Silicon Valley Bank, whose failure to raise funding last year was effectively its death knell.”
Hahaha. what that says is that there are still incompetents at banks’ executive suites and that the one lesson from SVB has not served a cleansing and weeding process. So rubber meeting real world eventually does so.
makes me wonder what “they” promised Mnuchin in return
