Janet Yellen was bullshitting us when she said there wouldn't be a bailout of Silicon Valley Bank. Sure, the bank itself isn't being bailed out, but all its wealthy investors are.
Couldn't risk hurting all those potential campaign donors, after all.
She's also bullshitting about it not costing taxpayers.
Sure, they're not going to pay for it by directly raising your taxes. They're just going to put a "special assessment" on banks, which will be passed on one way or another to average people with accounts in those banks - you know, people who also pay taxes, but most of whom a) won't realize they're being charged to bail out the wealthy because it's an indirect payment, and b) aren't big campaign donors.
Once again we see government as a stationary bandit, robbing the average Joe and Josie to give money to those privileged with political access.
Damn crony capitalist Republicans. Too bad we didn't elect a Democratic president to put a stop to this nonsense.
What? We did?! Well, damn, that worked out just swell, didn't it?