Politics Done Right

Accounts at Silicon Valley Bank over $250,000 will be made whole. That is a bailout since the FDIC only insured them for $250,000. Whether there will be an influx of taxpayer dollars or some sort of monetary and fiscal shenanigans is another matter. The “geniuses” who run our economy, the titans of finance, do what they do best. They gamble our money. They sneer at regulations that protect the taxpayers from their ineptitude and faux-libertarian stance. They ultimately fail because our private finance sector is nothing but a deck of cards that ultimately falls. And then they beg for a bailout. One must remember that Silicon Valley Bank lobbied Congress to remove banks of around their size from the type of stress testing major banks must go through. Trump signed the law. Now the bank has failed after making investments that are expected of these titans of finance. We must remember that our financial sector is a gambling casino largely devoid of intellect. --- Send in a voice message: https://anchor.fm/polit