Yellen says government will help SVB depositors but rules out bailout

Re:Yellen says government will help SVB depositors but rules... by beebmam on Sunday March 12, 2023 @05:41PM (#35126657)

Simply put, I think this kind of attitude is based in economic resentment. There's a whole part of the US that hasn't seen much benefit from the unbelievably successful startup world.

I remember when people used to go build something useful themselves instead of complaining about the success of others. Why don't we try to get back to that kind of culture?

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Re:Yellen says government will help SVB depositors but rules... by kortilla on Sunday March 12, 2023 @05:59PM (#35126844)

Because it’s a heck of a lot easier to do nothing and complain about people who do “try hard”.

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Re:Yellen says government will help SVB depositors but rules... by gbcfghhjj on Sunday March 12, 2023 @06:08PM (#35126942)

It's more than not seeing a benefit, there's many parts of the US where people rightly or wrongly blame tech salaries plus remote work for pricing them out of being able to afford a home and other basic life necessities. Of course the situation is more nuanced than that in reality but tech workers have a tendency to show up in once reasonably priced areas, buy up houses for cash and drive around in fancy luxury cars, which doesn't help the perception. There's also a perception that much of this money is coming via proximity to wealthy financiers and 15 years of ZIRP rather than true hard work.

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