‘..That Aren’t Rich as S**t’ – American Tennis Legend Defends Companies’ Cry for Help Amid Silicon Valley Bank’s Dismal Collapse

Published 03/14/2023, 8:32 AM EDT

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The downfall of Silicon Valley Bank took a toll on the depositors. But the quick response of the federal government has provided some respite to the concerned parties. However, not everyone is sailing in the same boat. Some think that it has acted as a scapegoat for the elite class. But Andy Roddick is not of that opinion as he has taken a firm stand on the major step by the federal authorities.

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Polarisation of opinion on a major issue like this is not a shocker for anyone. And Roddick has made his stance pretty clear.

Andy Roddick on the rescue move by the federal government after the collapse of SVB

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The collapse of Silicon Valley Bank has affected a lot of depositors, which include both financiers, techies and founders of new start-ups. And this is the major reason for Roddick to support the move behind the federal government.

A Twitter user condemned the move by the federal government to let the depositors avail their money on the next Monday. The user mentioned how the vast majority of the Silicon Valley Bank customers are extremely rich and hence this move by the federal government is a bailout for them.

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However, Roddick completely disagreed with that. He stated the reason behind it and stated, “You understand that these companies often use these accounts for payroll right?”

Taking a dig at the user, he added, “Payroll for employees that aren’t rich as s**t. It’s not a personal bank account. Don’t be simple.”

Roddick is not the only person who is in favor of this move by the Joe Biden government. The husband of Serena Williams is also supporting the same idea.

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Alexis Ohanian is on the same page as Roddick 

The Reddit co-founder is in the same boat, as he supported the significant move by the federal government. Some companies that 776 invested in had to face the brunt of this crisis.

In an interview with Squawk Box, Ohanian stated that the founders who have their money in the Silicon Valley Bank do not have a lot of money. They are working on important issues and therefore the crisis would have taken a toll on them if it were not for the federal government’s help.

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What do you think about the prevailing issue? Let us know in the comments below.

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Written by:

Shivali Sharma

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Shivali Sharma is a tennis author at EssentiallySports. She has pursued her Master's in history from Himachal University, but her love for the game has driven her to write about tennis. Shivali is a huge fan of Naomi Osaka and admires Osaka not only for her on-court performances, but also for her off-court actions.
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Edited by:

Tony Thomas

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