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this post was submitted on 29 Sep 2023
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"the real reason Silicon Valley Bank, Signature Bank, and First Republic Bank didn’t get bailed out by the government earlier this year was because they supported decentralized cryptocurrency, which the government can’t control."
The banks didn't get bailed out but everyone was made whole. A rare case where the corporation got the death penalty but customers didn't see "socialize the failure and privatize the profits." This is a situation where the conservative is upset that the company wasn't propped up by socialism.
It's the narrative that's important here. Whatever happened would've been broadcasted as evil.