Get serious. The FDIC protecting retail investors has nothing to do with Powell bailing out SVB. Nor does democratic control of the Fed (as we had during the New Deal) have anything to do with “burning the Fed down.” What silly false equivalences.
As someone whose employer used SVB at the time, that intervention to provide stability directly affected me. Sorry it’s not a black and white scenario.
I didn’t track that you were advocating for a Democrat fed chair. I’m fine with that and would prefer it, though I do think The Fed is one of the last examples where partisanship is held mostly at bay. Wonks gonna wonk, as it should be. Yellen was the reason I started paying attention to The Fed in the first place.
Lovely pun of a name, BTW. My vegetarian fam showed me how good seitan could be.
Get serious. The FDIC protecting retail investors has nothing to do with Powell bailing out SVB. Nor does democratic control of the Fed (as we had during the New Deal) have anything to do with “burning the Fed down.” What silly false equivalences.
As someone whose employer used SVB at the time, that intervention to provide stability directly affected me. Sorry it’s not a black and white scenario.
I didn’t track that you were advocating for a Democrat fed chair. I’m fine with that and would prefer it, though I do think The Fed is one of the last examples where partisanship is held mostly at bay. Wonks gonna wonk, as it should be. Yellen was the reason I started paying attention to The Fed in the first place.
Lovely pun of a name, BTW. My vegetarian fam showed me how good seitan could be.
Thanks for the humane reply! Lemmy gives me hope for humanity
The sleepiness wore off and I realized I shouldn’t just knee-jerk in the morning. Haha
I appreciate it, as well. We build the Lemmy we want with our actions!