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> It's never been popular to ask people to rescue businesses just because the lost a bet. No one's asking for SVB or shareholders to be bailed out, they're as
by dehrmann 4y ago
> It's never been popular to ask people to rescue businesses just because the lost a bet.
No one's asking for SVB or shareholders to be bailed out, they're asking for depositors to be bailed out. When you put money in the bank, you don't think of it as "making a bet."
- JohnFen 4y ago> When you put money in the bank, you don't think of it as "making a bet." Up to the limits of your insurance, you're not. (Well, even then you technically are, but it's as close to a sure thing as you'll get). Beyond that, though, you are, always have been, and always will be. There is no risk-free place to park a bunch of money. Not even under your mattress. That's why you always need to be thinking about risk mitigation. Not just with money, by the way, but with everything your business does. If you're beyond the $250k, you should be fully aware that you're making a bet. There's literally signs inside of every bank telling you that.