"It came after the bank was scrambling to raise money to plug a loss from the sale of assets affected by higher interest rates." If your bank is affected by higher interest rates in such a way as to cause collapse from asset sales, that shows the investment the bank made was poor quality and the asset(s) was toxic. Such an institution should not have existed, and wouldn't, if we hadn't lived in a world of ultra cheap credit. #InterestRatesUS #bankfail #nobailout

https://www.bbc.com/news/live/business-64940883

#NoBailout for #SVB!
#LetItBurn #FAFO

No to wall street bailouts. Let them stuffer the losses for doing risky things that led to this. Bail out main street instead.

https://www.dailykos.com/stories/2023/3/10/2157338/-Here-we-go-again-Wall-Street-billionaires-demanding-public-bailouts-of-failed-banks

#greed #nobailout