Comments by "Fox" (@tomlxyz) on "Why most of our money isn't real" video.

Normally I'd agree with that customers shouldn't be penalized but SVB wasn't a "traditional" bank and a lot of the money put there was venture capital, who should have known better and had amounts that aren't normally insured with FDIC. If these types of customers get bailed out then it's a free for all for investors to put money into banks that provide unreasonably high intrest and get baile out sooner or later when it becomes unsustainable. TLDR: we shouldn't bail out customers who do risky things
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it's not just "one single bank", they rank 16th place by assets. But the bizarre bit is that their failure was tied to putting money in government bonds, usually seen as the safest investment in the finance industry.
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