No Bank Bailouts! (Ever) 🚫🏛️💸🏦

I make the argument that Silicon Valley Bank (SVB) should NOT receive a government bailout.
Depositors with less than $250,000 will be made whole by FDIC insurance.
Taxpayer money should never be used to bail out bankers and VCs.

Printing new money to bail out banks increases inflation for the working and middle classes, who are less likely to employ inflation hedges.

If you are moved to help victims of bank collapses, feel free to do so using your own money, not taxpayers' money.

Silicon Valley Bank is shut down by regulators in biggest bank failure since global financial crisis:
https://www.cnbc.com/2023/03/10/silicon-valley-bank-is-shut-down-by-regulators-fdic-to-protect-insured-deposits.html

NetBank:
https://en.wikipedia.org/wiki/NetBank

Rust belt:
https://cdn.britannica.com/42/234142-050-76F11B05/map-Rust-Belt-United-States.jpg

Opioids and rural America:
https://www.usda.gov/topics/opioids

Sackler family and the cost of doing business:
https://oag.dc.gov/release/ag-racine-announces-sackler-family-purdue-pharma

How FDA Failures Contributed to the Opioid Crisis:
https://journalofethics.ama-assn.org/article/how-fda-failures-contributed-opioid-crisis/2020-08

Billionaires need their bailouts:
https://twitter.com/BillAckman/status/1634564398919368704

Bill Ackman uses CNBC to profit from his short:
https://www.cnbc.com/2020/03/27/bill-ackman-says-his-cnbc-interview-was-bullish-denies-harming-market.html

Nic Carter wants bailouts:
https://twitter.com/nic__carter/status/1634631430058770432

But Nic Carter has funds stuck at SVB:
https://www.coindesk.com/policy/2023/03/10/silicon-valley-bank-shuttered-by-state-regulators/

David Sacks wants bailouts:
https://twitter.com/DavidSacks/status/1634621758019100672

David Sacks likes dumping his Solana on retail investors:
https://www.youtube.com/watch?v=nBHH0k8EOHE&ab_channel=TraderUniversity

How Warren Buffett Gained from Bank Bailout:
https://www.cnbc.com/id/40276100

Original Video by Trader University: https://www.youtube.com/watch?v=p2rD7M8vc5k

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