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b_b · 420 days ago · link · · parent · post: FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank
We'll have to agree to disagree on that point. The whole thing looks slimy to me. Why write laws if we can just disregard them when it produces outcomes we like better in the immediate term?
https://www.reuters.com/markets/us/first-republic-bank-tumbles-drags-down-shares-other-regional-lenders-2023-03-16/ It’s a desperate struggle atm. The left hates SVB depositors. No political points were scored.