For the finance fags. The Treasury is going to bail out the risky AF companies who were contractually required to be with SVB knowing that the amounts they had with SVB were exponentially above the 250k FDIC limit.
Is there legal action that can be brought against the Treasury and the Fed. Reserve to prevent them from dismissing out of hand the 250k FDIC insurence cap in bailing out these speculative, ventured companies who knew damn well that being required by SVB to keep their VC funds at SVB, uninsured, was the biggest risk of all?
Now the Taxpayer is going to be on the hook, regardless of what Potato says, for this, the student loan sham and who the fuck knows what else these pieces of shit are going to saddle all of us with?
Can legal action be brought to stop this?
o7