If the banks want help from the government they should stop paying outrageous salaries to

[Samrob]

CEOs and their bankers and brokers for just passing our money around, personal investments, and charging outrageous fees for banking services. That's what the Congress should be looking at.

As well, the same salary and other outrageous benefits for corporate CEOs for corporations seeking government bailouts and subsidies should be reigned in. All of this should be done by governments world-wide to stem the tide of money being sent off-shore while the ordinary citizens of these countries are suffering from environmental abuses caused by their governments and corporations and the theft of natural resources belonging to the people of those nations. RISE UP and give the corrupt and greedy no place to hide.

[Walleye]

1. Government bails out the bank to help the economy and everyday people, not the bankers

[bluesbassman]

3. There is some truth to that,

But it also deflects from the point of the OP. When you or I start a business and through incompetence or illegal actions run that business into the ground, we WILL suffer the consequences. Bankruptcy, loss of savings, even jail time. The people who the OP is speaking of rarely suffer such fates. In fact they are often rewarded for their spectacular failure with nice golden parachutes to add to the enormous salaries and stock sales they’ve received along the way.

[Johnny2X2X]

2. Which bank?

The government didn't bail out SVB in the least, the bank is closed, the investors in the bank are out their money, and the salaries of the execs and others are no longer being paid. The depositors were made whole, that is all, and much of that is coming from the banks assets which were seized and are being sold off.

[lapfog_1]

4. Not to mention the FBI and the SEC have started investigations

into the CEO and other officers of the failed bank.

We need to STOP with the RW talking point that the bank was "bailed out". Nothing of the sort happened.

The bank had too much of their customers assets in long term bonds, bonds that are very safe (as far as principal). Unfortunately the yield on those bonds declined as the Fed raised interest rates (the fastest rate of increase in history). As depositors wanted to get their money OUT of those bonds and put somewhere else that paid better returns, the bank chose to sell SOME of the bonds at a loss. That was reflected in the bank's earnings reports... which then was USED by VCs like Peter fucking Theil (a right wing asshole) to pull $40 Billion dollars out of the bank almost OVERNIGHT. That caused the bank to collapse ( no bank can withstand a huge run on it ).

However, most of the depositors assets were still in those bonds... which are safe... but not liquid.

What the government did was to use a federal deposit insurance fund to guarantee the depositors accounts (everything they put into the bank they will get back).

It cost the taxpayer nothing.

The bankers and the people that owned shares in SVB will get nothing.

This was not a bailout and we need to stop repeating this.

[emulatorloo]

6. +++

[emulatorloo]

5. Banks specifically pay taxes to pay for bank 'bailouts'. Bailout money doesn't come from taxpayers.