vehemental
Member
- Jun 4, 2017
- 435
- 1,945
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All of the depositors in SVB are getting bailed out, it's just a temporary setback. Their clientele was far too rich for the gov't to just hang out to dry. The rich being the sole beneficiaries of big gov't in the US renders the purported $250k FDIC deposit cap meaningless. There are no libertarians in a bank run.and then subsrcibestar stops paying ungrateful old lady Big Sel because all their assets are froze in Silicon Valley Bank (I assume, tried to find out and couldn't find it) and he needs to start yet another migration to a different service but he doesn't have this place as a spring board for advertisement anymore...
Subscribestar probably does their banking in the Cayman Islands or Curacao with Stake.com or some shit, given how shady most of their clientele is (everyone who gets kicked off of Patreon).