I replied to the following: ↷

Looks like now there's a system in place that'll allow more of these kinds of failures to be insulated by the federal government (again, where is this "free market" stuff going to kick in)? https://www.reuters.com/business/finance/regulators-urged-find-silicon-valley-bank-buyer-industry-frets-about-fallout-2023-03-12/. This, at least, protects workers who have no say in these arrangements (as capitalism demands) by paying them out from. They're saying they're not being bailed out, so does that confirm that those banks won't be operating anymore? Because they shouldn't be able to.

↑ byhttps://jacky.wtf • posted • archived copy • current

The disconnect here is that this happens way more often — it's just not reported on or shown as an issue. The fact that minimum wage is still a third of what's a true "living" wage makes people understand what it's like to not have financial security. https://twitter.com/soopa/status/1634772544422281216

Posted with Quill at in Everything

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