Who Did We Just Bailout?| Lance Roberts

If a depositor chooses to deposit more money than what is insured by the bank, it is their responsibility and not the bank or taxpayer's responsibility to cover any losses. A case where the majority of depositors in Silicon Valley Bank lacked insurance coverage, resulting in a bailout of uninsured depositors, particularly those with venture capital funds in California. The heavy deposits from venture capital-backed firms in California could have contributed to this decision.

Watch more of this short video from Bank Scare To Tank Markets & Trigger Recession? | Lance Roberts & Adam Taggart.

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[donklee]

The insurance is how the FDIC finances their enforcement operations. I question why the insurance even exists if the FED is responsible for the integrity of the entire system. The FED should make every depositor whole every time. It is what they were created to do. Stop runs on the banks.

[Falconlibrary]

We working folks bailed out the Democratic Party's rich donors is what happened.

[jarirutanen]

Everybody should have a central bank account. Problem solved 😀👍!!

[kulturfreund]

Come on, it’s just one more time.
- Banks need our help . 🌺🏦♥️