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FDIC, Fed, Treasury to Brief California Lawmakers on SVB
- deleted 4y ago[deleted]
- freediverx 4y agoYes, they need to come together to figure out how to blame and punish poor people for this.
- thoughtstheseus 4y agoThe same people clamoring for a bailout, Silicon Valley + VC, funded billions of worthless investments into crypto whose largest exchange lacked basic cash and customer asset controls. Why should anyone believe them? SVB is failing and reopening on Monday. Where is FTX? Bailing out the wealthy and their worthless companies is not a good look. Let them take a haircut (which is unlikely except for the largest depositors) and incentivize them to build a better, more robust financial community.