My Take on Silicon Valley Banks’ Bailout
By Moshe Popack -
Not good precedent. At all.
Like what? Bail them out and other people that are having tough times, you don’t bail them out.
If you show that precedent and FDIC insurance up to $250,000 is not the standard, which we’ve been told, that means that managers that are running banks are gonna act haphazardly and do things that are way too risky
So I think that instead of bailouts, you have to sometimes swallow the hard pill.
Because there’s gonna be so many more ripple effects of this bailout by the FEDs.
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