Bank runs happen, life goes on, student loans should not be bailed out. You will pay for it with lower yields on your savings accounts and higher fees to banks to account for increased insurance premiums. Other banks shouldn’t bear the brunt of bad management at SVB. Neither should insured consumers. Employees at start ups understand their employment is volatile and that is why their compensated according to relative risk. Start ups are a ponzi scheme that only are viable during low interest rates and a bull market. Most start up will go bankrupt even without losing their deposits over the next year or two, These bail outs only hurt low income people with sticky wages with a 20 dollar overdraft fee that are not college educated with less horizontal or vertical mobility that cannot handle the regressive tax oof inflation. Welcome to dotcom bubble 2.0
Remember when c1 and other big banks helped facilitate PPP loans, and like 25% of the money spent was fraudulent! Let all the banks fail, long live chaos!
Let some banks fail, sure
See how the fed undid 6 months of QT in 1 week? I’m sure you’re alright with that too lol
YEAH! The FDIC shouldn’t be allowed to make its own decisions! Long live greedy capitalism, FUCK the losers who had bad luck Welcome to a OP “tech company banker” weighing in on anything https://apple.news/ApmpQfm4RT5uAirn9Svf1EA
The fundamentals on most start ups is off they’re only prolonging the inevitable, and it only hurts low income people
All those low income investors in SVB?