I replied to the following: ↷

Danilo (@danilo@hachyderm.io)

@jalcine@todon.eu literally everyone asked how it would be paid forand how it would be paid for was an existing fund set up to prevent crises like this, that banks have to pay into. Meanwhile all the owners are wiped outI’m all about “fuck the system” but when the system actually works for once we should celebrate that. The alternative is learned helplessness
↑ byHachyderm.io • archived copy • current

I don't think that's (learned helplessness) the alternative (and it hasn't been that - https://todon.eu/@jalcine/109920149898538200 mentions a book that shows that).

However, I have seen that they're paying people through the DIF (via https://www.cnbc.com/2023/03/13/wall-street-not-taxpayers-will-pay-for-the-svb-and-signature-deposit-relief-plans-.html and ). That might be a good enough answer for most, but it still leaves a lot of open questions for me.

Posted with Quill at in Everything

Shared to @jalcine@todon.eu

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