>The federal government caused the problem first though. Nonsense. >The federal reserve denied inflation was real for so long, signaling to everyone that it w

>The federal government caused the problem first though. Nonsense. >The federal reserve denied inflation was real for so long, signaling to everyone that it was safe to buy US Treasuries, then suddenly and aggressively started raising rates. The Fed was issuing forward guidance in 2020 that it planned to aggressively raise rates. By 2021, my dog could have told you that this was going to happen. >And wasn't it the federal government regulators who are responsible for ensuring that banks are not taking on excessive risk? Are they not to be trusted, and must every depositor perform a deep-dive due diligence on their bank and continuously do so in order to make sure their money is safe while deposited in a bank of all places? SVB spent a lot of money on lobbying to keep themselves small enough (by raising the limits) to not have to get the full brunt of regulations. (https://theintercept.com/2023/03/11/silicon-valley-bank-used-former-mccarthy-staffers-to-weaken-regulations-lobby-fdic/ https://theintercept.com/2023/03/11/silicon-valley-bank-used...) >No, the Federal government is more like an arsonist who set fire to a building, then showed up to rescue the people inside, taking all the credit, and then shaming those who noticed the smoke and escaped on their own before they arrived. Makes sense that you don't know the difference between the Federal Government, the Federal Reserve, and the FDIC though.