Silicon Valley Bank unmasks the hypocrisy of libertarian tech bros
I don&#x27;t understand why bailing out DEPOSITORS is a big deal:<p>* when I put money in a bank, I am just depositing it, I am not &quot;investing&quot;.  If I wanted to invest (take risk for a chance of profit) I would buy bonds or shares etc.  I expect the money to be safe and accessible.<p>* the &quot;product&quot; being sold by SVB is a bank account.  It&#x27;s low interest (if any at all) and comes with a bunch of charges (so most people will not even break even).  If they were offering a 10% interest current account, that might be different.  But until then no one has been compensated for the risk of losing their &quot;capital&quot;.<p>If I leave clothes with a dry cleaner or tools at a storage unit, those are mine.  I am not &quot;investing&quot; my clothes in the dry cleaner.  The same should apply for standard, low interest, current accounts for individuals and businesses.<p>Maybe in the 1950s, people only used accounts for saving, and they were expecting a return and it was the main way for people to invest.  At the same time people&#x2F;businesses did most of their business in cash (literal folding notes etc).  But the opposite is true now.  People and Businesses need a risk free account to make a receive payments.  They&#x27;re not looking to be &quot;on risk&quot;.