Conversation

I think my most unpopular opinion of 2023 is I'm glad that, when a handful of banks over-leveraged themselves and were facing existential runs, the federal government exercised one of the most lefty-progressive powers it has — it swooped in, seized the banks, fired the executives, drove the stock to zero, insured all the deposits, and prevented multi-industry layoffs and a global credit crisis. And then it did it more times but no one cared anymore because internet villains weren't involved.