{"id":1875630,"date":"2023-03-13T13:28:57","date_gmt":"2023-03-13T17:28:57","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/svb-collapse-peter-thiels-role-scrutinized-as-spark-of-bank-run\/"},"modified":"2023-03-13T13:31:03","modified_gmt":"2023-03-13T17:31:03","slug":"svb-collapse-peter-thiels-role-scrutinized-as-spark-of-bank-run","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/svb-collapse-peter-thiels-role-scrutinized-as-spark-of-bank-run\/","title":{"rendered":"SVB collapse: Peter Thiel\u2019s role scrutinized as spark of bank run"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsvb-collapse-peter-thiels-role-scrutinized-as-spark-of-bank-run%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1875630&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_78721831\" class=\"brid\" style=\"width:16;height:9\">                                                                                                         <\/div>\n<p>                var _bp=_bp||[]; _bp.push({ &#8220;div&#8221;: &#8220;Brid_78721831&#8221;, &#8220;obj&#8221;: {&#8220;id&#8221;:&#8221;27789&#8243;,&#8221;width&#8221;:&#8221;16&#8243;,&#8221;height&#8221;:&#8221;9&#8243;,&#8221;video&#8221;:&#8221;1261640&#8243;} });                              <\/p><\/div>\n<\/p><\/div>\n<p><span class=\"ArticlePage-articleBody-firstLetter\">T<\/span>ech mogul and Republican marketing campaign donor <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/peter-thiel\">Peter Thiel<\/a> is being accused of sparking the run on the financial institution that compelled regulators to shut down Silicon Valley Financial institution. <\/p>\n<p>Journalists and critics have turned their give attention to Thiel within the wake of <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/silicon-valley-bank\">SVB&#8217;s collapse<\/a>, accusing him of influencing companies to withdraw their funding from the financial institution. His efforts are considered the primary that finally sparked the <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/svb-collapse-heres-everything-you-need-to-know\">financial institution run<\/a>, resulting in California regulators intervening. <\/p>\n<p>&#8220;To be clear, SVB did not properly hedge its risks against two threats, 1) concentration of influence by Peter Thiel, 2) rising interest rates,&#8221; <a class=\"Link\" href=\"https:\/\/twitter.com\/davetroy\/status\/1634871362744651776?s=20\">tweeted<\/a> investigative journalist Dave Troy. &#8220;That was mismanagement, but it still wasn&#8217;t fraud, and they still have sufficient assets to meet nearly all of the bank&#8217;s obligations.&#8221; <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/svb-collapse-heres-everything-you-need-to-know\">SVB COLLAPSE: HERE&#8217;S EVERYTHING YOU NEED TO KNOW<\/a><\/b> <\/p>\n<p>&#8220;There should be more scrutiny of Peter Thiel and Bill Ackman for yelling fire in a crowded theater in this SVB collapse,&#8221; <a class=\"Link\" href=\"https:\/\/twitter.com\/SaraEisen\/status\/1635304839113572352?s=20\">tweeted<\/a> CNBC host Sara Eisen. <\/p>\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<figure class=\"Figure mb-1 mb-sm-3 mb-md-1 article-lead-photo data_invisible\" data-align=\"center\" data-image-size=\"fixed\">\n<div class=\"Figure-container\"><figcaption class=\"Figure-caption\">                 Peter Thiel, co-founder of PayPal and Palantir, provides a keynote deal with on the Bitcoin Convention, Thursday, April 7, 2022, in Miami Seaside, Fla.                 <\/figcaption><div class=\"Figure-credit\">                 Rebecca Blackwell\/AP                <\/div>\n<\/p><\/div>\n<\/figure><\/div>\n<\/p><\/div>\n<p>Others turned their focus to Thiel&#8217;s <a class=\"Link\" href=\"https:\/\/decrypt.co\/97251\/peter-thiel-unleashes-ethereum-warren-buffett-enemies-bitcoin-2022\">promotion<\/a> and <a class=\"Link\" href=\"https:\/\/cryptopotato.com\/peter-thiels-fund-cashed-out-1b-worth-crypto-after-holding-for-8-years-ft\/\">subsequent profiting<\/a> off of crypto investments after the market crashed as a purpose to be suspicious of his withdrawals. &#8220;You mean the guy who was touting crypto and trashing critics while he was selling crypto? That guy? Shocker!&#8221; tweeted tech journalist Kara Swisher. <\/p>\n<p>Thiel&#8217;s enterprise capital agency Founders Fund had pulled all of its funding from SVB as of Thursday morning, in line with <i><a class=\"Link\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-11\/thiel-s-founders-fund-withdrew-millions-from-silicon-valley-bank?leadSource=uverify%20wall\">Bloomberg<\/a><\/i>. The corporate additionally suggested its portfolio firms to withdraw their cash from the financial institution, saying there was no draw back to shifting their cash out of the financial institution. The timing has led some to conclude that the investor&#8217;s actions could have led to mass withdrawals. <\/p>\n<p>Founders Fund additionally hosted a capital name on Thursday, which enterprise capital corporations do to ask traders to ship them cash to make funding startups. Founders Fund requested portfolio firms to start shifting funding to SVB. When Fo<\/p>\n<\/div>\n<p><\/p>\n<hr>\n<p>&#8220;Learn Extra From <a href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/svb-collapse-peter-thiel-silicon-valley-\">SVB collapse: Peter Thiel\u2019s function scrutinized as spark of financial institution run<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tech mogul and Republican campaign donor Peter Thiel is being accused of sparking the run on the bank that forced regulators to close down Silicon Valley Bank. Journalists and critics have turned their focus on Thiel in the wake of SVB&#8217;s collapse, accusing him of influencing businesses to withdraw their funding from the bank. His<\/p>\n","protected":false},"author":1,"featured_media":1897069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[5373,7385,5815,5528,20926,20405,21356,21485],"class_list":["post-1875630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-bank","tag-collapse","tag-peter","tag-role","tag-scrutinized","tag-spark","tag-svb","tag-thiels"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1875630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1875630"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1875630\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1897069"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1875630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1875630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1875630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}