Gary is currently on CNBC giving a pretty good interview. He's actively pitching for government intervention and bailout. I'm torn on this stance, why should taxpayers bail out banks who continue to make poor decisions, but as a small business owner and former SVB customer I completely sympathize with the plight of the founders. They did nothing wrong, they followed the rules, they thought they were being responsible using SVB, and here we are the small companies, founders, and potential employees pay the price.
Ultimately I am sick and tired of my hard earned money going to the government for them to redistribute it, whether it be bailouts, stimulus payments, student loan forgiveness.
Ultimately I am sick and tired of my hard earned money going to the government for them to redistribute it, whether it be bailouts, stimulus payments, student loan forgiveness.