> Let it fail. Once hundreds of thousands of Americans are jobless due to executive mismanagement and shareholder greed, will actually meaningful and impactful policy be made.
Exactly.
Then we should have let all the startups that had their funds in SVB bank fail, instead of another pseudo-bailout that occurred in March 2023, given that FDIC insurance did not apply to them given the majority of their capital is over the limit.
Those startup's only mistake was choosing the wrong bank, one that was the de-facto standard in the sector and pushed by the likes of YC.
I don't know if I agree with the gov making them whole, but it isn't really comparable to the Intel situation imho. It's not like the gov bailed out SVB and its investors itself.
Exactly.
Then we should have let all the startups that had their funds in SVB bank fail, instead of another pseudo-bailout that occurred in March 2023, given that FDIC insurance did not apply to them given the majority of their capital is over the limit.