My guess is the lefty narrative is going to be WAY OFF regarding #SVBCollapse just like it was WAY OFF regarding the shutting down of the economy. They’ll say “Don’t do a bailout! We did that and it was a giant mistake! A bailout is for VC’s and Wall Street!”
If we don’t bail out the people and companies who will lose anything over $250k we are ushering in another consolidation to the top. The top tech companies will survive, it’s the small startups who will fail. The big banks will survive, it’s a small regional banks that will fail.
We HAVE to bail out the people who held accounts in this bank. They must be made whole. Otherwise an entire generation of startups will fail to exist, there will be a run on community banks and power will consolidate straight to the top. Just like shutting down the economy did.
I wish people would stop simping for the WEF centralized power agenda by disguising it in screams about “letting elites and the wealthy fail!” This is bigger than your desire to eat the rich.
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