brockm on Nostr: It's weird to call it a bailout, when the regulators literally walked through the ...

It's weird to call it a bailout, when the regulators literally walked through the front doors and put these institutions into receivership. Acting like it's outrageous that the government would protect depositors, when anybody who isn't an anarcho-capitalist or extreme libertarian is, has obviously been sleeping through the whole part where, yes, we have regulatory bodies with the legal mandate and authority, authorized by Congress, to protect depositors in events exactly like this.