> the US government should do whatever they have to do to make that risk zero Er... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		logifail on March 13, 2023 \| parent \| context \| favorite \| on: Joint statement by the Department of the Treasury,... > the US government should do whatever they have to do to make that risk zero Errm ... there are an awful lot of people who will never, ever, in their entire lives, have anywhere close to $250,000 on deposit at one bank. Q: Why should all those people backstop your investment? Given that, is it perhaps possible that you should take responsibility for your investments which exceeed $250k?

sebzim4500 on March 13, 2023 [–]

Those people are probably not a significant portion of the tax revenue, so that argument cuts both ways.

I had zero dollars in SVB, and I would probably be less affected than the average person if there was a full on banking collapse.

I'm still not stupid or capricious enough to oppose this 'bailout' though.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact