Re:Joint Statement by the Department of the Treasury, Federa...
by Apocryphon on Sunday March 12, 2023 @07:44PM
(#35128301)
I think people are unhappy about the hypocrisy in the form of a special carve out. This class of people, despite their wealth and influence, aren't exactly lobbying for expansion of similar protections for the average person. In fact, who's to say if a lot of these startups weren't just laying off people as part of the crowd recently? So people are mad of the unfairness.
[ Parent
| on HN ]
Re:Joint Statement by the Department of the Treasury, Federa...
by alex_young on Sunday March 12, 2023 @07:57PM
(#35128452)
How is it a special carve out? The FDIC protects literally all the other deposits already.
Re:Joint Statement by the Department of the Treasury, Federa...
by dismalpedigree on Sunday March 12, 2023 @08:02PM
(#35128519)
They quite literally made exceptions for SVB and Signature only.
Re:Joint Statement by the Department of the Treasury, Federa...
by alex_young on Sunday March 12, 2023 @10:03PM
(#35129824)
And all the average persons the OP mentioned were already protected. We’ll see if this stops the contagion. It’s in our collective interest that it does.