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Personally I think protecting bank depositors is a good idea. However: I would also note that many people (including Bill Ackman) have been screaming at the gov
by matthewdgreen 4y ago
Personally I think protecting bank depositors is a good idea. However: I would also note that many people (including Bill Ackman) have been screaming at the government & Fed to get inflation under control: specifically, they've blamed the government (and Fed) for their loose monetary and fiscal policy throughout the pandemic. And indeed the government tightened fiscal policy as they wanted, and the result was that SVB failed. Does Ackman now want the government/Fed to step in and pour its money in to shore up depositors? Won't that be more of the same inflationary policy that he's been railing against?
- p_j_w 4y agoUnless your questions are rhetorical, I think you're making a mistake in thinking any of these people are asking for certain policies out of any principals beyond their own self-interest.