Rachel Carson was born in 1907. She became a marine biologist & prolific writer.

Carson questioned the assumption that humans should dominate #nature. She recognized the dangers to natural systems from the misuse of pesticides like DDT. She also accused the chemical industry of spreading lies & politicians of accepting industry claims uncritically.

Her 1962 book, Silent Spring, is widely credited as being the catalyst for the modern environmental movement. #history #science #HistoryRemix

So... the summary is that for all the fear some people had that taxpayers would "bail out billionaires," and the corresponding fear that companies had that "a ton of our money could evaporate and destroy the economy with massive downstream impact"... FDIC/Treasury stepped in and did the right thing: depositors made whole, no taxpayer funds, bank assessment to make up any difference, & SVB equity/unsecured debtholders (mostly) wiped out.

A very good result.

Rainbow Tree

Image Credit & Copyright: Eric Houck

https://apod.nasa.gov/apod/ap230313.html #APOD