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Thanks, I'm still not convinced something that happens in ~5% of cases is the exception to get rid of the rules, but that adds some context and perspective.
by luckylion 4y ago
Thanks, I'm still not convinced something that happens in ~5% of cases is the exception to get rid of the rules, but that adds some context and perspective.
- daydream 4y agoUpthread you wrote: >Should the government always guarantee everything with no limits, because "they should have seen it coming and should have done something a long time before it collapsed"? I never said anything about guaranteeing everything with no limits. I don't believe that is reasonable. Maybe you are reacting to something Bill Ackman wrote in his tweet? If the FDIC/gov had been monitoring them much closer it opens up the set of potential solutions way wider than "government closes your bank in the afternoon on Friday because you wouldn't have made it to the end of day." Maybe this actually was happening and there were reasons events unfolded this way. Maybe it wasn't. It seems like it wasn't.