2min chapter

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The Oscars, a Silicon Valley Bank Update, and Data Privacy

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CHAPTER

Investors in the Banks Will Not Be Bailed Out

President Biden said that executives at failed banks would be fired deservedly. The government shut down another bank over the weekend, Signature Bank. depositors in both banks will be made whole even above the $250,000 insurance mark of the FDIC. Mark: Investors should not be protected. They took a risk and when the risk didn't pay off, investors lose their money.

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