My comments on Message from Silicon Valley Bank on stability.... thoughts? - jasoncalacanis's posterous

Message from Silicon Valley Bank on stability.... thoughts? - jasoncalacanis's posterous

Statements likes this from SVB CEOs are pre-emptive or reactive (mostly for PR/IR purposes). I sadly don't know them well enough to comment. We are in difficult times, maybe better question to ask is whether "banks" (& in fact the whole banking & finance value chain) as we know it is still sustainable. I would argue that the gears are not the problem, but it is the 'gearbox'! Would they all need to be more transparent and even 'bonded' AND have their risks positions monitored by others, whether it is done by the regulator (FSA/SEC equivalent) or not. Interesting times indeed. @GarethWong