I think this is that rare case where "begging the question" is actually apt! You are taking this as an inarguably factual premise:
> "Had depositors lost a SINGLE penny, there would be a very widespread run on bank deposits as people try to get below the $250k figure."
But whether a federal bailout was necessary to avoid that is exactly the question that people have been debating all weekend. It isn't an inarguably factual premise, it's the thing that is being discussed.
For my part, I think that if 1. A private purchaser had been found or 2. A bunch of jackasses with huge social platforms hadn't spent the weekend demanding they be bailed out, then your premise would have been false.
Both of those different outcomes was plausible on Friday. But in the universe that actually played out, I tend to agree that the bailout ended up being necessary.
But I still think it's bad that it was. And not just bad for everyone else, bad for us, here, many of whose livelihoods depend on the continued thriving of an industry that has sadly just demonstrated itself to be (to borrow a word) inept and unworthy of sympathy.
> "Had depositors lost a SINGLE penny, there would be a very widespread run on bank deposits as people try to get below the $250k figure."
But whether a federal bailout was necessary to avoid that is exactly the question that people have been debating all weekend. It isn't an inarguably factual premise, it's the thing that is being discussed.
For my part, I think that if 1. A private purchaser had been found or 2. A bunch of jackasses with huge social platforms hadn't spent the weekend demanding they be bailed out, then your premise would have been false.
Both of those different outcomes was plausible on Friday. But in the universe that actually played out, I tend to agree that the bailout ended up being necessary.
But I still think it's bad that it was. And not just bad for everyone else, bad for us, here, many of whose livelihoods depend on the continued thriving of an industry that has sadly just demonstrated itself to be (to borrow a word) inept and unworthy of sympathy.