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E138: Presidential Candidate Vivek Ramaswamy in conversation with the Besties
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The Banking Crisis: What Should We Do About It?
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I think we all agree that there should be no bailout for the shareholders and the bondholders of these banks that are poorly managed and go under. The vague had this point about, you know, if Roku is stupid enough to keep 500 million in a checking account and the bank goes under, maybe they should lose it. It's like, okay, my goal is not to save Roku if they're stupid enough to manage the money that poorly. It's to save the local school. When you have a bank run underway, you have to stop it before the panic can spread. Contagion is real.
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