'De facto bailout of the banking system': Yellen says no bank bailouts, but Big Four reportedly set to grab $210 billion as tech elites get propped up - TheBlaze

'De facto bailout of the banking system': Yellen says no bank bailouts, but Big Four reportedly set to grab $210 billion as tech elites get propped up - TheBlaze: 

A California bank that long served tech elites and affluent venture investors collapsed on Friday, amounting to the greatest financial institutional failure since Washington Mutual went bankrupt in 2008. While Biden officials have suggested that there will not be bailouts comparable to those enjoyed in the late 2000s, the Big Four banks will reportedly see a bailout by another name of roughly $210 billion, while the U.S. government makes wealthy tech workers whole again.