More Federal Bailouts

Bailouts are now the American way. For example, the federal government is now bailing out all banks that get into trouble.

All depositors at Silicon Valley Bank, including billionaires, big corporations and tech investors, will get all their money back from the Federal Deposit Insurance Corporation (FDIC). Similarly the FDIC will guarantee all deposits at Signature Bank which serves cryptocurrency operators.

Photo by Giorgio Trovato on Unsplash