SheinSez #109 Billionaires are demand that ALL banks be fully covered by the US government!

I was on a twitter space last night listening to all sorts of wealthy people argue as to why the taxpayers should fully back all banks and insure all deposits of any size.
I disagree with them and I will tell you why

https://nypost.com/2023/03/11/silicon-valley-bank-pushed-woke-programs-ahead-of-collapse/

Short Sellers Make $500 Million on SVB’s Demise. Collecting Won’t Be Easy
https://www.bloomberg.com/news/articles/2023-03-10/shorts-make-500-million-on-svb-demise-collecting-won-t-be-easy

The Demise of Silicon Valley Bank
https://www.netinterest.co/p/the-demise-of-silicon-valley-bank

The fall of Silicon Valley Bank, explained
https://www.theverge.com/23635692/silicon-valley-bank-svb-collapse-explainer-startups-venture-capital

All the Companies Facing Major Troubles After Silicon Valley Bank Crash
https://www.thedailybeast.com/roku-etsy-vox-media-companies-impacted-by-silicon-valley-bank-crash

How SVB Was Doomed By a Bad Bet on Mortgage Securities and the Fed’s Rate Hikes
(SVB's mistake was investing in longer-term mortgage securities with more than 10 years to maturity, rather than shorter-maturity Treasuries or mortgage issues maturing in less than five years. This led to an asset/liability mismatch.)
https://www.barrons.com/articles/svb-silicon-valley-bank-rates-securities-693c931c