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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 wpietri on Sunday March 12, 2023 @02:33PM (#35124194)
No, you explicitly used the word contagion: "If people get whatever short term vengeance they're looking for, the contagion will cause a whole lot of collateral damage to people who aren't in tech."

That has a technical meaning in finance: https://en.wikipedia.org/wiki/Financial_contagion

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Re:Yellen says government will help SVB depositors but rules... by x0x0 on Sunday March 12, 2023 @02:53PM (#35124494)
idopmstuff != x0x0

https://news.ycombinator.com/item?id=35122581

I repeat: "In the sense that I never said that, sure."

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Re:Yellen says government will help SVB depositors but rules... by wpietri on Sunday March 12, 2023 @02:58PM (#35124579)
My apologies; I did confuse the two.

In which case, since you're not claiming contagion risk, I return to my previous point that there is no reason for taxpayers to bail out rich people who took a gamble and lost.

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