The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 6 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Chirls: Large VC firms operate like transactional Wall Street banks
“Basically all the same people from Lehman showed up. Highly transactional, all about the money. There was no real art or creativity to it. It was very private equity, like finding the company, dressing it up a little bit, handing it off to the next guy. And I …”
Dickson: Only nine US banks failed in five years post-financial crisis reforms
“After, after Lehman's collapse, and that the global financial crisis, almost 400 banks failed in this three years after Lehman went down. And so then the regulatory frameworks were amped up, liquidity and capital requirements were amped up, and in the last fiv…”
Dickson: SVB failed due to duration and concentration risks, not credit risk
“For SVB, but unlike Lehman, their investments were in agency-backed MBS and Treasuries, relatively conservative and low risk at the time. They just went long on duration for their investments, and they had concentration risk in their depositor base.”
Immelt: GE Capital Was the World's Largest Finance Company in 2008
“But we were the world's biggest finance company when Lehman Brothers went bankrupt.”