I think you learn more about the world by delving into others' misconceptions than you learn from their factual understandings. Facts are out there for anyone to discover, but when someone inadvertently affords you a glimpse into their wrong beliefs, well, that's something that can't be learned in any other way.

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Which brings me to the apologists for #SiliconValleyBank, who are busily churning out incredibly revealing bad takes about why bailing out #SVB was the right thing to do, and why you're wrong to call it a bailout, and why all of this is Very Regrettable but nevertheless The Right Thing To Do.

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Here's a terrible reason to support the SVB bailout: because if we let all the tech companies who did business with it fail, you might not be able to get into your house anymore after your smart-lock fails because the cloud service it depends on cuts off the startup that made it because their bank account went up in a puff of smoke:

https://www.wired.com/story/silicon-valley-bank-collapse-fallout/

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@pluralistic At least we don't have to listen to people ask if the tech industry in in a bubble. Pretty clear it has popped.

My main concern is smaller banks. I've been a a credit union for 8+ years now. I've already seen policies change before SVB imploding. I've lived the life the underbanked. Living between misc. rechargeable debt cards and Western Union to pay bills. Hate to see if small banks and credit unions start dying or are absorbed by bigger banks. Can't afford it.