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You are right of course, but we've established a moral hazard There will be a cost to suddenly altering expectations, I guess there's a chance we might see wha
by drcode 4y ago
You are right of course, but we've established a moral hazard
There will be a cost to suddenly altering expectations, I guess there's a chance we might see what that cost is now (but probably they will just get a boring bailout)
- theGnuMe 4y agoNo we have not established a moral hazard. It's always been $250k. You are trying to make one up implying that we are "suddenly altering expectations". The narrative has always been, FDIC insured accounts are insured up to $250k. I've known this since I opened my first bank account.
- drcode 4y agoIt's a moral hazard if people over 250K got bailed out in the past. Look up the Temporary Liquidity Guarantee Program.