SVB failure
So Y Combinator is calling on the government to compensate for Silicon Valley Bank's failure.
But here's the thing - their petition is full of high-and-mighty talk about how employees' livelihoods should be protected.
... and then they call for the affected corporations to be made whole. Not the employees, but the owners/bosses. Suddenly it's not really about the employees anymore, now that they've outlived their usefulness as a debate prop!
I'm sure the government doesn't want to be handling payroll for individual employees, but there are a lot of reasonable solutions that could've been called for here, and this is what they went with instead.
Capitalist vultures gonna capitalist vulture I guess, socializing the losses.