Hacker News new | ask | show | jobs
by swsieber 1202 days ago
Here's (admittedly weak) evidence: calling for actions that lead to bank runs.

It's hard to take defense of startups seriously where startups are blatantly going to screw others over for their own sake. Do I get it? Yes. But it's more than me vs them; they made it an "us" vs them.
1 comments
ummonk 1202 days ago
The "them" in this case are those who gleefully point out that only 250k is insured by the FDIC and any startup that deposited more than that was engaging in risky behavior and deserves to lose their money.

In such a situation, you can't cry foul on those seeking to move their money into safer banks, even if doing so precipitates a bank run.

link
salawat 1202 days ago
...I mean, I learned about the FDIC caps in like 7th grade... And my parents also made sure I was aware of it.

Where are all these people who don't know how the system works coming from? Who is advising them?

link