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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 confidantlake on Sunday March 12, 2023 @05:58PM (#35126841)
But where does it stop? When I lent my friend $100 dollars when we were 16 and he never paid me back, should I have been bailed out too? If not, why not? If the government bails out people/businesses every time something goes wrong there will be a lot more risky investments.
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Re:Yellen says government will help SVB depositors but rules... by nerdponx on Sunday March 12, 2023 @07:03PM (#35127703)
No, because your friend isn't a tightly-regulated institution whose proper functioning is integral to the core of our economic and financial system, and as a "client" of your friend you have no reason to generally expect that your friend will be trustworthy.

And yes, I do think we should have some kind of public fund to help victims of theft and fraud. I can think of many worse uses of my tax money.

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