The Fed, US Treasury, F-DIC and PPT stepped up to the plate on Sunday to rescue the wildly imprudent big depositors of the Silly Con Valley Bonk. Multiple tech startups had big deposits well in excess of the 250k insurable limit, and we, the great unwashed taxpayers are supposed to bail them out? I guess so.
But stock market indicators currently say, No Way! Eff you! Here’s what’s coming. Non subscribers click here to access.
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