Making the Rich Richer: the Silicon Valley Bank Bailout

In the case of SVB, rich depositors could not bother themselves with taking steps to ensure that their money was parked in a safe place. This is in spite of the fact that almost all of them pay people to help them manage their money. By contrast, in th…

In the case of SVB, rich depositors could not bother themselves with taking steps to ensure that their money was parked in a safe place. This is in spite of the fact that almost all of them pay people to help them manage their money. By contrast, in the case of student loan debt, many 18-year-olds may have misjudged their future labor market prospects. This sort of error would not be surprising given the economic turmoil we have seen since the collapse of the housing bubble and the Great Recession. More

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This content originally appeared on CounterPunch.org and was authored by Dean Baker.


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Dean Baker | Radio Free (2023-06-01T12:27:40+00:00) » Making the Rich Richer: the Silicon Valley Bank Bailout. Retrieved from https://www.radiofree.org/2023/03/31/making-the-rich-richer-the-silicon-valley-bank-bailout/.
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" » Making the Rich Richer: the Silicon Valley Bank Bailout." Dean Baker | Radio Free - Friday March 31, 2023, https://www.radiofree.org/2023/03/31/making-the-rich-richer-the-silicon-valley-bank-bailout/
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» Making the Rich Richer: the Silicon Valley Bank Bailout | Dean Baker | Radio Free | https://www.radiofree.org/2023/03/31/making-the-rich-richer-the-silicon-valley-bank-bailout/ | 2023-06-01T12:27:40+00:00
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