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A comment on Yellen says government will help SVB depositors but rules out bailout. Parent comment

Re:Yellen says government will help SVB depositors but rules... by lolinder on Sunday March 12, 2023 @01:53PM (#35123556)
The VCs put money into a startup and encouraged them to engage in risky banking practices. If these startups succeed the VCs get a payout, if they fail they get nothing.

A taxpayer-funded bailout of the depositors is socialized risk, privatized reward. Why should the taxpayers stand for that?

[ Parent | on HN ]
Re:Yellen says government will help SVB depositors but rules... by nerdponx on Sunday March 12, 2023 @05:31PM (#35126549)
Again, two wrongs don't make a right.

This is like arguing that we shouldn't pay for housing for the homeless because rich property developers are partly to blame for the housing crises in many cities.

[ Parent | on HN ]