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Could someone toss me a link to a good explainer as to why bailing out uninsured depositors of Silicon Valley Bank, which *actively* campaigned for lessened banking protections (eg., kneecapping Dodd-Frank), doesn't constitute moral hazard? No really, I'll wait...
@agunn I'm wondering myself. I think it might be to keep the tech industry afloat - especially with the China situation since a lot of startups are really hurting but.. uninsured is kinda a red flag.