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A comment on Bill Ackman: The gov't has about 48h to fix a-soon-to-be-irreversible mistake. Parent comment

Re:Bill Ackman: The gov't has about 48h to fix a-soon-to-be-... by cscurmudgeon on Saturday March 11, 2023 @11:29AM (#35109791)
What? He is primarily asking for another private bank to acquire SVB not a bailout. Even if a bailout happens this may be smaller than the sum US spends randomly.

E.g., we sent ~$80 billion to Ukraine in a year. https://www.cfr.org/article/how-much-aid-has-us-sent-ukraine....

If you agree there is a good argument for sending money to Ukraine benefitting US then why not agree there is an argument protecting against bank runs and depositors? SVB's total deposits are in that range (ignoring other assets they have).

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Re:Bill Ackman: The gov't has about 48h to fix a-soon-to-be-... by kennywinker on Saturday March 11, 2023 @11:34AM (#35109875)
Did you really just compare a war, where somewhere in the order of 200,000 people have died, with a bank collapse?
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Re:Bill Ackman: The gov't has about 48h to fix a-soon-to-be-... by cscurmudgeon on Saturday March 11, 2023 @11:39AM (#35109932)
Did you just do an emotional appeal devoid of logic (but taking advantage of deaths of 200,000 people)?
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Re:Bill Ackman: The gov't has about 48h to fix a-soon-to-be-... by kennywinker on Saturday March 11, 2023 @03:01PM (#35112081)
Well, if you believe that the only thing the lives at stake have to do with are emotions, then yes I did. But usually the reason for spending money is considered part of the rational decision making process.
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Re:Bill Ackman: The gov't has about 48h to fix a-soon-to-be-... by cscurmudgeon on Saturday March 11, 2023 @07:36PM (#35114792)
Well, at least you care more than Zelensky.

https://www.ndtv.com/feature/oscars-reject-ukraine-president...

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