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Unemployment insurance is already available. California and all the west coast states at least will also give free insurance in many cases. There is little risk
by anon291 4y ago
Unemployment insurance is already available. California and all the west coast states at least will also give free insurance in many cases. There is little risk to being unemployed especially for a short term while employees slowly get their money back after the asset sales.
I don't really see the big problem here.
Svb still has substantial assets. In the coming weeks, they will be sold and solid portions of the money returned. If companies have to temporarily furlough people, they will still get a reasonable wage that most Americans live on.