And excellent breakdown of why SVB died and why they don’t deserve a bailout.
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I'm all for jailing silicon valley types but why would you jail anything for legal but stupid things?
In an ideal world lobbying for changes just to abuse them at peoples expense should fall under criminal mismanagement in certain industries, this being one of them.
Frankly I think lobbying as an entire industry should be outlawed and incredibly heavy fines levied. No reason for that nonsense to exist.
What is it when I contact my local representative to suggest my opinion?
That depends are you getting paid for contacting your local representative to push a specific opinion?
There's a big difference between lobbying and politicking.
What is it when I don't have time or the know how to do so, and you, my good friend and neighbour do. And since we have the same interests you do it on my behalf because you've done it before and my local rep knows you and will answer your calls?
My point is that the line is very ill defined.
Is there any way to ban corporate lobbying but not ban this?
I don't think so.