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  • snitzoid

Kevin O'Leary explains why the Feds have no business bailing out regional banks like SVB.

That's the state's job? If they want to support a bunch of idiots who screwed up, as a federal taxpayer, I say "not my problem".

The same isn't true for large-scale money center banks whose collapse could cause shockwaves throughout the entire US economy.

Of course, for Fed oversight to work, it's preferable that bank regulators aren't complete morons who barely have the intellect to watch Sesame Street.

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