[GOPJ]

Assuming all losses for Silicon Valley is the same as telling all students at a college that everyone from this point on will receve an A+ on all classes - because the 'cool kids' (whose parents are the BIG donors) didn't study and "can't: fail...

All risk is gone.

No one can fail. Which means those who study are chumps - those who take insane risk with 'learning' will win. In the short run. In the long run the University system becomes worthless.

By telling Silicon Valley they're covered it tells all banks they can go for the highest profits no matter what and hire the dumbest cool people they can find because the US will guarantee the whole ball of wax. (problem is Federal Deposit Insurance is an illusion - it can cover a few banks at minimum level but not the US Banking Industry)

[Scott from the Left Coast]

“ All risk is gone.

No one can fail.”

This is what happens when politics controls your entire society. What fails is the entire society…in an avalanche.