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I think people are unhappy about the hypocrisy in the form of a special carve out. This class of people, despite their wealth and influence, aren't exactly lobb
by Apocryphon 4y ago
I think people are unhappy about the hypocrisy in the form of a special carve out. This class of people, despite their wealth and influence, aren't exactly lobbying for expansion of similar protections for the average person. In fact, who's to say if a lot of these startups weren't just laying off people as part of the crowd recently? So people are mad of the unfairness.
- alex_young 4y agoHow is it a special carve out? The FDIC protects literally all the other deposits already.
- dismalpedigree 4y agoThey quite literally made exceptions for SVB and Signature only.
- alex_young 4y agoAnd all the average persons the OP mentioned were already protected. We’ll see if this stops the contagion. It’s in our collective interest that it does.