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> In the US for example, banks not only contribute to federal insurance but also have built joint private reserves to weather economic turmoil. did you miss ho
by moocowtruck 6y ago
> In the US for example, banks not only contribute to federal insurance but also have built joint private reserves to weather economic turmoil.
did you miss how the banks all had to be bailed out a few years back?
- whoisjuan 6y agoWell I’m talking about present time. Past your cynical take, the reality is that the last crisis was exactly the reason why banks in the US have been growing their cash on hand the last decade faster than they did the two decades before that, while putting aside money on other reserves. https://www.cnn.com/2020/04/17/business/bank-earnings-defaults-recession/index.html https://www.cnn.com/2020/04/17/business/bank-earnings-defaul...