Let’s get something straight. It was a bailout. We, the American people, bailed out a lot of rich investors who had deposits in Silicon Valley Bank.
Silicon Valley Bank Libertarians always want government out of their lives. They want no taxes and regulations. They are #capitalist when profiting and #socialist when hurting.
Stop the false narrative from protecting a financial sector that produces nothing as it enriches itself with faux products. It was a bailout. Big Pharma is playing a PR game with insulin. Don’t go for it.
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.
New York Governor Cuomo did a great job in today’s news conference as he scolded McConnell and Rick Scott making it clear they were not bailing out New York
Stephanie Ruhle made an important point about the Trump bailout stimulus. The big businesses will get bigger as the small businesses disappear.