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A comment on SVB shows that there are few libertarians in a financial foxhole. Parent comment

Re:SVB shows that there are few libertarians in a financial ... by johnbellone on Monday March 13, 2023 @04:36PM (#35142165)
The government needs new regulations to force depositors and banks to purchase this insurance. Otherwise, we're looking at one grift after another.
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Re:SVB shows that there are few libertarians in a financial ... by beezle on Monday March 13, 2023 @05:38PM (#35143195)
No, the answer is let the SVB depositors take a hair cut and then you will see far better management of free cash.
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Re:SVB shows that there are few libertarians in a financial ... by tracker1 on Monday March 13, 2023 @06:07PM (#35143666)
+1 ... Until poor investment decisions have real ramifications, from personal liability on executives and boards even levelled to bankrupt and possibly including criminal conviction, things won't change.

I wish the US Govt had done closer to what Iceland and a handful of others did in 2008... No, we aren't bailing you out, you pay out domestic deposits first, and then if there's anything left, the rest. And no, you don't get to take/keep bonuses for it.

Modern corporate structure and liability shields to the level they exist in the US is anything but libertarian. You make bad choices, you live with the consequences.

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