Boy, I bet half of you are already heading for the comments section just from the title. But hear me out. I’m not unsympathetic to the depositors. Silicon Valley Bank had a lot of new start ups as customers. Losing that capital will end many of those businesses – for now. Here’s the thing: leaving more money than was insured in an account is beyond stupid. Did NONE of these folks have the good sense to hire an accountant? No … Continue reading “Bank Bailouts are a Bad Idea”