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We just went through the deepest, fastest recession since the 19th century. And not a single major financial institution failed or even needed a bailout. That'
by dcolkitt 6y ago
We just went through the deepest, fastest recession since the 19th century. And not a single major financial institution failed or even needed a bailout.
That's pretty firm evidence that banks are more than adequately capitalized. People want to see everything through the lens of 2008, but the difference between banks then and now is night and day.
- clairity 6y agothe circumstances are drastically different, so adequate capitalization is unlikely the reason for that. this was a induced recession from outside forces, not from internally correlated ones like 2008.