Sunday, March 12, 2023

A Thought on the SVB Crisis

I don’t really care or understand how money or banks work, but I am a normal human person so I seethe when I see what ONCE AGAIN seems to be another “privatize the wins and socialize the losses” situation, yet another instance of wealthy people being politely informed that of course there are no consequences to their greed or stupidity. But I also sense that this may be correct, which is fuuuuuuuuuucked. 

UPDATE: of course everybody's getting bailed out. Gee, wonder where all my "the government is the problem not the solution!" peeps are now? Gee, it's a real mystery.

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