LogFAQs > #974460511

Kuuko posted...

If you don't have 250,000 sitting with one institution then the safety net hasn't changed for you at all. If you do have 250,000 sitting with one institution then this whole event basically told you that they'll make exceptions to pay people out over 250,000 anyway. You don't need to worry about the "plundering". The entities who got fucked here the most because of the plundering were the TBTF banks who paid in to bail out banks with shitty accounting and are now going to be charged more to make up the difference in the fund. If your bank starts charging you more now to make up the amount they got fucked over on then you can be mad, but the entity and actions you should really be blaming and most mad at is the previous administration loosening banking regulations which allowed SVB to manage their finances so horrifically that all of this happened.

I blame Trump for causing this. Feel better now?
I blame Biden for bailing them out and for not throwing SVB execs in jail. Just like I blame GWB for the Great Recession and Obama for not throwing the Wall Street con artists in jail.
Democrats continuously prop up and enable this shit by not holding people accountable. Yes, Republicans are the root cause, but they're pretty blatantly the party of the rich. Dems are supposed to not be.

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Also this.