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.
Tim Ward ⭐🇪🇺🔶 #FBPE@flexghost But ... isn't this the USA? The Land Of Free Enterprise? Where private businesses are perfectly free to go bust if that's what they want to do? Where bailing out a failed private business is regarded as "nanny state socialism" (or, even worse, "European")? Is anyone seriously suggesting a bail-out?
Gareth Kitchen
@gruff @flexghost With gov.uk there's the £85k rule. Which everybody knows about, so can't be a surprise to anyone who's got more than £85k. But of course as that's an EU leftover it's being abolished soon.