Silicon Valley Bank’s shareholders and executives lose it all, as they should. Depositors in good faith, however, should recover and have access to their deposits in order to meet their payrolls, pay their suppliers, and to prevent contagion.
@MittRomney 250k per, that is the limit. No more bailouts, even for account holders. that contagion is risky business practices and ESG, let it spread and crush those that do it.
@MittRomney This is a bailout disguised as savings depositors. SVB deserves NO bailout. You feebs don't realize that transparent "fixes" like this, where we can all see you rigging the bailout for you and your crooked pals, will cause the general public to make a run on other banks.
@MittRomney No! You are lying! They knew what they were doing! They knew the $250,000 insurance limit! They played it, they can eat it!
@MittRomney Were is Lord Maxwell when you need him to bail you out?
@MittRomney What about the stock deals the CEO and other top execs did just a few weeks ago?
@MittRomney You are the last person anyone should take advice from.
@MittRomney Nothing paid out over $250k. That’s the limit. Don’t make any excuses that they have to be paid more. Nobody wants to hear it.