If I were an American, I'd be *seriously pissed off* that the Fed has just guaranteed deposits for Peter Fucking Thiel.
FT: [SVB] was heavily reliant not just on a group of depositors in the same industry — technology — but also in the same group chats, where they discussed the bank’s viability. (Customers included the funds of ... Peter Thiel and Marc Andreessen.)"
#SVB #BankingCrisis #NoOneNeedsBillionaires

OK, three separate things for you to check out. Space Karen should be institutionalised, because someone already tried this and it went so spectacularly wrong someone else wrote a (hilarious) book about it. If you want a TL;DR, listen to the (also hilarious) Citation Needed episode about it.
https://www.theguardian.com/commentisfree/2023/mar/15/watch-out-for-hungry-bears-why-elon-musk-new-town-could-run-into-trouble

https://www.citationpod.com/the-free-town-project/

#Libertarians #SpaceKaren #Fuckwits #USPolitics #NoOneNeedsBillionaires #TaxTheRich #Bookstodon #NonFiction #Bears #BookRec #Podcasts #GoodNews #Humour