Ed Lynch
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US Treasury, Federal Reserve, and FDIC are bending over backwards to not call it a bailout, but what government incentives were offered that the free market didn't while they were looking for private capital? That would be a #bailout . #SVB
07:35 AM - Mar 13, 2023 (Edited)
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Joanna Sanchez (she/her)
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In response to Ed Lynch.
Who's they? They're insuring depositors not shareholders. Big difference.
07:45 AM - Mar 13, 2023 (Edited)
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Ed Lynch
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In response to Joanna Sanchez (she/her).
No, it's not, in the same way welfare for working people doesn't bail them out, it bails out their employer's human resource budget.
07:48 AM - Mar 13, 2023
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Joanna Sanchez (she/her)
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No, their clientele base wasn't only in the venture capitalist sector. Not every client was speculating on tenuous financial products. Big difference
In response to Ed Lynch.
09:33 AM - Mar 13, 2023
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Ed Lynch
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In response to Joanna Sanchez (she/her).
So? Their "clientele base" was insured up to $250k and they knew it going in.
09:34 AM - Mar 13, 2023
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Joanna Sanchez (she/her)
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In response to Ed Lynch.
Yes, and that's all that matters rn? Ever seen what a run on a bank does to an economy? You're literally over here arguing against that . lol

A run is what caused this anyhow. And once you know who said what to fan the flames the intent is clear!!
09:37 AM - Mar 13, 2023 (Edited)
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