Re:FDIC Takes over Silicon Valley Bank
by danielmarkbruce on Friday March 10, 2023 @06:57PM
(#35103106)
The only entities they seem to worry about is banks. And banks going under is bad news for everyone, always has been. Being a lender of last resort to banks is explicitly part of their mandate.
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They worry about banks because they are a bank. If it weren't for government oversight they'd be a private bank.