Not those who had bank accounts there and literally did nothing wrong to cause this or even contribute to it.
Surely you don’t expect everyone to agree with what everyone else has said just because it’s on the same site!
Maybe, just maybe, instead of us collectively trying to manage the latest collapse, perhaps we could impose actual requirements (not regulations) on banks. There have been 562 bank collapses since 2001. I doubt that many people who work outside of finance would think the balance sheets of those banks look like anything like what people would expect in a stable "bank".
It's insane that very few banks in the country can reasonably withstand bank runs. The reason? They have no money on hand, because they are gambling. Sure, the ecosystem would change, but that's not a bad thing.
Don't ask taxpayers to fix your mistakes for you.
Trainer Garry now: OMG my grass Pokémon are all dying please help!!! Who could have known that allowing fire Pokémon into an all grass gym makes my team weak?!?!?!!!
Texting all your replies to my friends, doctor will be mad I’m laughing so much that I’ll never go back.
Here's the explainer for everyone else: https://archive.is/gmJxU
https://www.levernews.com/svb-chief-pressed-lawmakers-to-wea...
Might help if you are paywall-blocked.
https://www.theguardian.com/business/2023/mar/11/silicon-val...
> Eight years before the second-largest bank failure in American history occurred this week, the bank’s president personally pressed Congress to reduce scrutiny of his financial institution, citing the “low risk profile of our activities and business model”, according to federal records reviewed by the Lever.
> Three years later – after the bank spent more than half a million dollars on federal lobbying – lawmakers obliged.