What? Hell no. Spend a decade claiming that the Fed made the worst decision ever with bailouts (and other similar "libertarian" arguments) and now beg for a bailout at the first sign that you aren't printing money, after a decade of swimming in cash leveraged off of free money?

If you VC's are as smart as you always claim, YOU bail out the companies deserving of it according to your galaxy brains.

HN is constantly pilling on EU for being a poor place for inovation and startups, but all it takes is one bank to fail for the whole house cards to start collapsing. And what a symbolic name.

Privatize the profits! Socialize the losses!

Could the government set up a 0% short term loan system, accessible to anyone on the customer list, backed by the “assets” they have at the currently frozen bank?

Kind of a, “you can’t currently take all your deposits and run, but you can at least pay your bills.”

States twice that it's not asking for a bailout.

Then asks for a bailout.

Then the same group of people who brought us such hits as "move fast and break things" and "disrupt the economy" ask for more regulation. For other people.

Peak SV bubble hubris.

Anyone who signs this just demonstrates how tone-deaf, privileged, and insulated from the real world they are.

They are at risk because they did not take out the insurance they should have for the money over 250k. Sorry no - that’s on you.

Take the haircut in your funds and move on.