Subject: Re: DeSantis: SVB Too Woke
SVB Management, SVB customers - were indeed of the woke persuasion. But as I had written - the depositors got bailed out. No different than Woke Wall Street got bailed out.

However, affluent Liberals embracing causes of vanity - had nothing to do with the business end of this and DeSantis is just looking for money and votes because after all, extreme Progressives exist to give power to the likes of Ron and Don.

Back to actual business.....

Does this mean that all depositors with over $250k in one institution don't have to worry from now on? Because if those depositors aren't "made whole" one day.....yet the affluent tech-types with their "seed money" and living well---DID get bailed out - isn't that out and out discrimination, and pure 100% grade A fodder for populists or charlatans saying "look - them rich coasts got taken care of again"

This precedent is now set. Either openly discriminate amongst banks and depositors, OR guarantee all deposits into the millions.

On a side note: I do feel its nonsense that these were not grannies or mentally slow people getting taken advantage of by a scammer. These were EDUCATED people of economic means, who knew full well what theFDIC limits were - yet chose in some cases to go all-in.

Why is it that I routinely make sure I'm not "over" the insured amounts -- at least not over by much??

On other retirement forums, many others do the same thing.

Yet here we are - the "Club" - the WallStreet-BigTech-Media-BigAcademia Axis of First Amongst Equals......get taken care of.

Then for the Cable-News-Extremists:

"Trump relaxed regulations!!!!!!!" yep. But again, the TMF standards was "on his watch" for "Bush!!!!" and "Trump!!!!".

So.....who was in charge last week?

Who in government oversight was in charge?

Who got a majority of political contributions from SBV bank?

"The buck stops here" was the TMF Liberal standard. Until they wish to admit - things aren't that simple and it's not fair to blame the incumbent every time - -- we'll put this one on Dems, the Dem depositors, the Dem city, the Dem management that were all part of this.