If they bail out SVB, it'll combine with a bigger bank on a sweetheart deal arranged by the Fed.
If they don't bail out SVB, deposits will go to the bigger banks that are more likely to get bailed out.
Fiat money creates winner take all dynamics.
Discussion
Cool. Tick tock, next block.
When they pick winners and losers no one wins.
Actually it's loser takes all.
Slowly making everyone own nothing…
still have this sneaky suspicion that it was all "designed to happen" so "they" can achieve some other goal (maybe faster introduction of CBDC or something)
I hope I'm wrong and its just sheer fiat stupidity not mallice 😈 #[0]
It’s basically playing monopoly.
It creates more reliance on the state to manage risk, which means a less-free economy and a less-prosperous future.
How do we break the hivemind of this belief that bailouts ultimately solve anything?
(and selfishly I’m okay with a bailout here… my taxes at work, right??)