Mastodawn

Boy, that was quick! :)

"Treasury Secretary Janet Yellen Says Feds Won’t Bail Out Silicon Valley Bank"

U.S. taxpayers will not shoulder the burden after the crash of Silicon Valley Bank, the government announced.

The Daily Beast

ROFL

Here is my three-part take on why there must be #NoSVBbailout:

In a more humerous vein:

Silicon is made of sand. Nomen est omen, wasn't it foreseeable that this bank would sink eventually? 😉

I agree with all of the above.

Why didn’t methods implemented on a global level (#BaselIII) prevent the collapse of the #SiliconValleyBank!?!

After the #GlobalFinancialCrisis of 2007/2008 all bigger investors knew exactly what they were doing.

On another note, #BurnBabyBurn: the #Fed is looking for ways to fight #inflation? #RelightMyFire.

U don't need a college degree to know these basic things: