Subject: Re: SVB bailout
David Sirota
Between this & Yellen today, it's now definitively A BAILOUT.
It's one thing to extend universal deposit insurance to all Americans.
But it's a BAILOUT when insurance is ONLY extended to Too Big To Fail Banks & SVB & then SVB MARKETS that privilege.
quoting statement by Mayopolous on conference call...
cant post the text here as it was sent to me as an image , basically marketing that SVB is now safest bank in the USA as backstopped by Guv'mint..