No bailouts for #SiliconValleyBank or its depositors. Insurance has always been there, and those companies that didn't buy it are the ones responsible for taking that risk. https://www.theguardian.com/business/2023/mar/12/silicon-valley-bank-collapse-no-bailout-janet-yellen
@eighthave This is the first I've heard that depositors can buy insurance themselves. Can you please provide pointers to such providers? Is there an extra rider I can purchase from FDIC? #svb
@lcannell There are many tools to manage financial risk, I've never heard of buying extra #FDIC coverage. But a quick search for "private deposit insurance" shows many options. Isn't the #US supposed to be a #capitalist system built around private enterprise? That's the typical story, but the truth lies somewhere else.
@eighthave I don't want to get into an ideological argument, just thought you might know of something practical. US government often steps in when private options are possible, such as flood insurance.