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Banking, Inflation, and Government Spending: Amanda Lang and Kevin Carmichael

The Herle Burly

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Why Is the Government Bailing Out Silicon Valley Banks?

Saskatchewan MP says he feels badly for people who had $250,000 or more in Silicon Valley bank and would have lost their money if the bank had gone under. "But I don't feel as badly for them as I do for people who've never had any money" Canada has not had a significant bank failure since Ospi 100 years ago before current regulatory structure even existed. The US tends to think of banks more like small businesses with the attending risks and rewards - we don't.

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