{"id":3296,"date":"2023-04-15T22:35:22","date_gmt":"2023-04-15T22:35:22","guid":{"rendered":"https:\/\/www.godefy.com\/pluralistic-svb-bailout-for-everyone-except-affordable-housing-projects-15-apr-2023"},"modified":"2023-04-15T22:35:22","modified_gmt":"2023-04-15T22:35:22","slug":"pluralistic-svb-bailout-for-everyone-except-affordable-housing-projects-15-apr-2023","status":"publish","type":"post","link":"https:\/\/www.godefy.com\/pluralistic-svb-bailout-for-everyone-except-affordable-housing-projects-15-apr-2023\/","title":{"rendered":"Pluralistic: SVB bailout for everyone except affordable housing projects (15 Apr 2023)"},"content":{"rendered":"

Today’s links SVB bailouts for everyone – except affordable housing projects: Even the shareholders got billions. Hey look at this: Delights to delectate. This day in history: 2003, 2008, 2013, 2018 Colophon: Recent publications, upcoming\/recent appearances, current writing projects, current reading SVB bailouts for everyone – except affordable housing projects (permalink) For the apologists, the SVB bailout was merely prudent: a bunch of innocent bystanders stood in harm’s way – from the rank-and-file employees at startups to the scholarship kids at elite private schools that trusted their endowment to Silicon Valley Bank – and so the government made an exception, improvising measures that made everyone whole without costing the public a dime. What’s not to like? But that account doesn’t hold up to even the most cursory scrutiny. Everything about it is untrue. Take the idea that this wasn’t a “bailout” because it was the depositors who got rescued, not the shareholders. That’s just factually untrue: guess where the shareholders kept their money? That’s right, SVB. The shareholders of SVB will get billions in public money thanks to the bailout. Billions: https:\/\/pluralistic.net\/2023\/03\/18\/2-billion-here-2-billion-there\/#socialism-for-the-rich But is it really public money? After all, the FDIC payouts come from a pool of funds raised from all of America’s banks. The billions the public put into SVB will be recouped through hikes on the premiums paid by every bank. Well, sure – but who do you think the banks are going to gouge to cover those additional expenses? Hint: it’s not going to be the…Pluralistic: SVB bailout for everyone except affordable housing projects (15 Apr 2023)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Today’s links SVB bailouts for everyone – except affordable housing projects: Even the shareholders got billions. Hey look at this: Delights to delectate. This day in history: 2003, 2008, 2013,… <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1418,739,1647,927,840,300,503,1645,114,1646,811,1648,843,12,295],"_links":{"self":[{"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/posts\/3296"}],"collection":[{"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/comments?post=3296"}],"version-history":[{"count":0,"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/posts\/3296\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/media?parent=3296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/categories?post=3296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.godefy.com\/wp-json\/wp\/v2\/tags?post=3296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}