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A comment on Ask HN: What do you think of YC asking for SVB depositors to be made whole?.

Re:Ask HN: What do you think of YC asking for SVB depositors... by prirun on Sunday March 12, 2023 @09:59AM (#35120100)
SVB successfully lobbied Congress to get bank safety rules weakened for their operation, on the grounds that it would hurt the economy if they were regulated like other banks.

https://www.theguardian.com/business/2023/mar/11/silicon-val...

My guess is YC agreed with this. Then when it blows up, YC lobbies for everyone to come to SVB's rescue or it would hurt the economy.

No thanks. "It would hurt the economy too much" is getting as old as "we need to monitor everything because of child porn".

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