[Willson50]

We're not bailed out if we're under $250k.

[ladon86]

The US has over $9tn of deposits and the entire FDIC insurance fund is only $121bn, which is less than the total assets of SVB alone. FDIC insurance can cover a few bank failures, but not dozens.

[AbrahamParangi]

What about your employer? Would they still have money to pay you?

[Willson50]

If your employer doesn't pay you, then you find a another job.

[AbrahamParangi]

Bold of you to assume that work will be available to you.

[Willson50]

The alternative is the rich forever get bailouts.

[AbrahamParangi]

This isn’t bailing out the rich this is businesses. If you want businesses to not exist, fine. I suggest you find some communist utopia and go live there.

[bobberkarl]

One of these times where you can see how the concentration of quality reasoning on HN decreased with time and popularity. People think hurting businesses will not affect them. Incredible.