Looting, Silicon Valley Edition

[tobias3]

https://paulromer.net/looting-silicon-valley/

[daydream]

Worth a read. The theory is that once SVP principles realized the ship was going down, they looted as much as they could on the way out?

> If insiders want to walk away with money from their bank, all they have to do is make loans to a corporate entity they control, then default.

Presumably banks have internal controls that make this at least a little hard to do. Right? Hopefully?