Mar 13, 2023 2:06 PM
punkishgoddess
35708
121
8
politics
silicon_valley
svb
history_repeating
jeff_jackson
Rips4w
"Before taxpayers HAD to pay" I'd like an explanation as to why that is even an option.
Ialwayslookhungover
How did the bank lose enough money to scare its depositors?
offendinghurray
I mean the bank has the money from the taxpayers. When you financially fail yet you have money: that money is taxpayers' money
beaubrent
He has a very soothing voice.
azazyel
He sounds like this guy https://www.imdb.com/name/nm0566783/?ref_=tt_cl_t_10
devasto
I'm grateful to see someone actually trying to explain it without an apparent agenda, one way or the other
StevenAlleyn
The FDIC was always going to do this. It’s a normal and practical solution to a stupid problem.
downrightmike
And no they'll make sure the problem doesn't happen again right? ......... And no they'll make sure the problem doesn't happen again right?
That’s congress’ job. So no.
[deleted]
SmokyDoggg
maxzero
2:00 am, apparently.
DALLASLAVOWNER
its time they need so they can SELL MORTIMER, SELL!
Conz
Do something about the people who sold stock and gave themselves bonuses hours before shutdown first.
DotNot
No, that's the second step, the first priority should be to protect the depositors. Then go after the douches that siphoned money.
MaybeIllDisappear
It sounds like the depositors are already taking care of. But, we need to go after those in the bank so this doesn't happen again.
If we didn't hold elected officials responsible for doing this pre-covid announcement, they aren't gonna do anything for these guys doing so
WorksOnMyMachine
Federal elected officials (infuriatingly) are immune to insider trading. The same is not true for others. However, they'll likely end up...
With a fine that's about 1/10th of what they stole.
Rips4w
"Before taxpayers HAD to pay" I'd like an explanation as to why that is even an option.
Ialwayslookhungover
How did the bank lose enough money to scare its depositors?
offendinghurray
I mean the bank has the money from the taxpayers. When you financially fail yet you have money: that money is taxpayers' money
beaubrent
He has a very soothing voice.
azazyel
He sounds like this guy https://www.imdb.com/name/nm0566783/?ref_=tt_cl_t_10
devasto
I'm grateful to see someone actually trying to explain it without an apparent agenda, one way or the other
StevenAlleyn
The FDIC was always going to do this. It’s a normal and practical solution to a stupid problem.
downrightmike
And no they'll make sure the problem doesn't happen again right? ......... And no they'll make sure the problem doesn't happen again right?
StevenAlleyn
That’s congress’ job. So no.
[deleted]
[deleted]
SmokyDoggg
maxzero
2:00 am, apparently.
DALLASLAVOWNER
its time they need so they can SELL MORTIMER, SELL!
Conz
Do something about the people who sold stock and gave themselves bonuses hours before shutdown first.
DotNot
No, that's the second step, the first priority should be to protect the depositors. Then go after the douches that siphoned money.
MaybeIllDisappear
It sounds like the depositors are already taking care of. But, we need to go after those in the bank so this doesn't happen again.
punkishgoddess
If we didn't hold elected officials responsible for doing this pre-covid announcement, they aren't gonna do anything for these guys doing so
WorksOnMyMachine
Federal elected officials (infuriatingly) are immune to insider trading. The same is not true for others. However, they'll likely end up...
WorksOnMyMachine
With a fine that's about 1/10th of what they stole.