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4min chapter
The SVB Debacle: The Biggest Myths, the Out-of-Control Blame Game, and the Worst Takes
Plain English with Derek Thompson
Is This Bank Money Good?
Eric Liu: The reason the Fed was created in the first place is to act as a lender of last resort. What needed to be backstop, not bailed out, was depositors, he says. "I actually don't want America's startup founders to be thinking about that at all," Liu adds.
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