Savvy Trades and Investments

[gilead23]

What this likely means going forward is there is effectively unlimited FDIC insurance for depositors which screams moral hazard.

There is no way they won’t completely cover the deposits of some tiny regional bank serving suburban Cincinnati now that they have just bailed out the deposits of Silicon Valley billionaires. Of course who knows maybe they won’t. Crony capitalism doesn’t operate in an environment where they have to be ashamed of handouts for the well connected or concerned about double standards.