flexghost.Federal authorities are seriously considering protecting all uninsured deposits at Silicon Valley Bank
With your tax dollars
Here’s my proposal: fuck you, no.
Claw back the bonuses SVB gave staff HOURS before the collapse. Then we can talk.
Statmonkey 🙊@flexghost This is so fucking ridiculous. Here's the pattern. They fail due to greed. We bail them out and say "that is the last time we do this". We pass regs to stop them from failing. They lobby and elect "free market deregulation people". The laws loosen. They fail. We bail them out .... NO. The problem with Banks is none of them want to work anymore. See https://i.imgur.com/G8wC9Kl.jpg
@statmonkey socialism for the rich and …
@flexghost
Just more proof of Wilhoit's Law. Everyone should read the full comment, it's particularly salient in America today https://crookedtimber.org/2018/03/21/liberals-against-progressives/#comment-729288
Just more proof of Wilhoit's Law. Everyone should read the full comment, it's particularly salient in America today https://crookedtimber.org/2018/03/21/liberals-against-progressives/#comment-729288