Just so everyone is aware, all of SVBs depositors were fully covered, all their investors lost all their money.
This is important for Ken, because if he was involved in SVB, it was as an investor, and it would be terribly unfair if “millionaires” got their money, and he lost all his.
But that's actually BS too, because the FDIC only covers $250K, and that isn't actually much for a business, then you have people like a company I know. They didn't do business with SVB but their payroll company did, so what happened is they sent the money to the company to pay their payroll and there was a chance that their payroll company wasn't going to pay their employees. Think how that rolls down.
Now UBI would solve all this because Ken Griffin and his fellow billionaires could play all the f*** f*** games they wanted blowing each other up while trying to grab all the money they could, but at least families would still be able to eat and shelter themselves while caught in the blast radius.
Instead, Ken's super pissed that he lost money and “the little people” didn't suffer enough to make sure that he didn't lose his money again and instead some other billionaire got their money instead of him.
https://www.ft.com/content/aeb9ef58-6fc1-45af-88b2-b46a2a532b3f