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U.S. Regulators Have Bailed Out SVB Customers

“Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.

https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm

Maximilian 2y ago

Kind of dishonest to write Bank bailout in the main note but acknowledge that is a costumer bailout in the sub-note.

I understand that there is an intrinsic hate towards banks and how the government fucked up the financial system, but the SVB depositors were victims of US banking regulations. We are talking about early stage startups with probably 20.000 employees, working on new tech that surely you would enjoy in the next 3-5 years and will bring the US much more returns than letting them die rn.

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Discussion

Code & Psychology ⚡️ 2y ago

That is how monetary expansionism works. You need the boom and bust cycles. And in the bust cycles you need unemployment. All of this are introduced by the current monetary system.