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> depositors did not choose to make risky bets, the bank did Umm, any and every bank deposit in excess of the deposit insurance limit has a risk associated wit

• sebzim4500 4y ago
  And the US government should do whatever they have to do to make that risk zero. I have enough problems to worry about without having to assume that even my bank balance can disappear at any moment. I certainly can't read through thousands of pages of SEC filings from whichever bank I use to assess risk, and even if I had done that I wouldn't have seen government bonds and thought it was a red flag. If that means we get less interest on savings accounts then so be it.
  • logifail 4y ago
    > the US government should do whatever they have to do to make that risk zero Errm ... there are an awful lot of people who will never, ever, in their entire lives, have anywhere close to $250,000 on deposit at one bank. Q: Why should all those people backstop your investment? Given that, is it perhaps possible that you should take responsibility for your investments which exceeed $250k?
    • sebzim4500 4y ago
      Those people are probably not a significant portion of the tax revenue, so that argument cuts both ways. I had zero dollars in SVB, and I would probably be less affected than the average person if there was a full on banking collapse. I'm still not stupid or capricious enough to oppose this 'bailout' though.