If things get dire enough, the government can intervene to protect workers in various ways (unemployment benefits, emergency housing, government employment - there are many options).
No need to prop up the middlemen with free insurance.
No need to prop up the middlemen with free insurance.
I don't really see the big problem here.
Svb still has substantial assets. In the coming weeks, they will be sold and solid portions of the money returned. If companies have to temporarily furlough people, they will still get a reasonable wage that most Americans live on.
Taxpayer funded insurance.
What I wonder here is how many SV CEOs and VC partners are down with Biden's proposed hike on the capital gains tax rate.
> The DIF is funded mainly through quarterly assessments on insured banks. A bank's assessment is calculated by multiplying its assessment rate by its assessment base. A bank's assessment base and assessment rate are determined and paid each quarter.