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by vineyardmike
1175 days ago
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Equitable and equal are different. That’s not a value statement. They’re different. equal treatment would be every account getting 1/n of the money used to save SVB. Equitable treatment is everyone being restored by the same % of their losses (in this case 100%). It’s different. |
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Since the goal was to save deposits 100% and there was enough money for that goal, and every account got 1/1 treatment, and nobody got 1/10th treatment, nobody got 1.5/1 treatment, and this applied to everyone over and under $250k not just those 10 accounts in the article, I’m still not seeing how those 10 accounts accounts “were more equal than others” which was the supposition introduced in the “joke” earlier
I don’t think semantics really helps point out that OP just had a poor joke that wasnt funny or accurate, I’m open to counterpoints though.