Customer deposits GREATER than $250,000 in Silicon Valley Bank and Signature Bank will be guaranteed
Ok…
The argument against student debt forgiveness?
It would cause harm to lenders who want to exploit late fees and penalties
This is nothing more than a bailout for the rich. Spoiled self-proclaimed libertarians who don’t know how to diversify, begging daddy socialism to save their ass
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The reason they're covering deposits greater than $250K is because of the companies who banked there, and without that coverage, there'd be a mass layoff and business closures. They're doing it to avert a much bigger problem.
