Re:Yellen says government will help SVB depositors but rules...
by mulmen on Sunday March 12, 2023 @06:25PM
(#35127086)
And your statement is out of touch with reality.
The owners of the bank aren’t being bailed out. The FDIC is only paying back depositors. That is the working class. This bank doesn’t just cater to big bad VCs.
When depositors lose their savings through no fault of their own the whole system comes crashing down. That won’t help blue collar workers.
The owners of the bank aren’t being bailed out. The FDIC is only paying back depositors. That is the working class. This bank doesn’t just cater to big bad VCs.
When depositors lose their savings through no fault of their own the whole system comes crashing down. That won’t help blue collar workers.