I'm not even convinced that the depositors made whole here were innocent--they accepted a known risk by exceeding the risk-free FDIC limit. The sad part is that in our society, we have no qualms about literally turning working people out into the street when they make financial missteps, but the already-wealthy receive prompt intervention from the highest levels to protect them and other wealthy people from the consequences of their investment decisions.

What argument is really left for this kind of intervention, besides appeals to the trickle-down system where the rich must be vigilantly protected since the rest of our society is set up to be disrupted when they fail. The whole system is morally and politically bankrupt.

Being against student loan forgiveness or any sort of help to anyone, ever, but then running to mommy Yellen the second you get in trouble is just too hypocritical to believe.

If that's where you (philosophical you, not you personally) landed on those two issues, you can get fucked.

Because they preached for years that regulation is bad, and the government shouldn't be involved in their financial affairs.

Then when something went wrong, they begged for a bailout from the very regulators they disdained: https://www.ycombinator.com/blog/urgent-sign-the-petition-no...