Yellen just announced that Signature and SVB both will be bailed out.

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Gotta bail em all out now

Thank god for #Bitcoin

This isn't quite the same as 2008. This is just covering the depositors. In 2008-2011, we gave the banks trillions of dollars so they'd pass their capital standards tests and look healthier than they were.

I still think there's a moral hazard here. How many future bankers will rely on today's decision to justify taking more risks with depositors' funds?