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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In response to Ed Lynch.
No, their clientele base wasn't only in the venture capitalist sector. Not every client was speculating on tenuous financial products. Big difference
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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Ed Lynch
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In response to Joanna Sanchez (she/her).
Let. Them. Fucking. Fail.
09:44 AM - Mar 13, 2023
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Joanna Sanchez (she/her)
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In response to Ed Lynch.
Peter Thiel and Micheal Burry are primarily responsible for the panic that led to USG take over of thse banks. Thiel and others led a collective of desperate clients attempting to withdraw thier funds.

The fascists attempted another coup by a run on banks through depositors. it didn't work
10:26 AM - Mar 13, 2023
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Joanna Sanchez (she/her)
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Because it could've been so much worse if USG didn't step in immediately to restore trust in the banking system.

Thiel is part of the financial wing of these international fascist. He's there to dismantle the $ and re-create the gold standard system
In response to Joanna Sanchez (she/her).
10:34 AM - Mar 13, 2023 (Edited)
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