[House Atreides]

“ An ounce of prevention is worth a pound of cure.

Or did your parents never teach you that?”
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They did. Which is why I keep fire extinguishers around in case of emergency. I also have fire insurance in case of actual destruction by fire. I don’t forgo that insurance under the theory that OTHER PEOPLE’S MONEY will make me whole.

I guess you’re in the USE OTHER PEOPLE’S MONEY CAMP.

[DannyTN]

Government has a responsibility here.

• The entire banking structure is a government construct.
• The reason those two banks failed was largely a result of Federal Reserve policy in raising rates so much so fast.
• And they need to contain the bank runs before they get worse.
• And they can do that without raising funds from anyone else.

Alternatively they can do nothing, and because they are on the hook because of FDIC insurance, they will be taking over bank after bank and paying out insurance on deposits. Now your spending other people's money due to inaction.

Not to mention the people that will be thrown out of work and who will need help because various companies couldn't make payroll when their banks failed. MORE other people's money.

Besides, we don't need bank runs. We need to be focused on sending weapons to Ukraine to blast those poor Russian soldiers that are loyal to Putin and committing atrocities in his name.