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I really hope it's not the fed though, or any federal authorities. They shouldn't invent a new higher level of FDIC protection. They should allow losses here ev
by rnk 4y ago
I really hope it's not the fed though, or any federal authorities. They shouldn't invent a new higher level of FDIC protection. They should allow losses here even if they want to do that. Just covering all of the losses which of course they could do, that's a bad precedent.
- startupsfail 4y agoThey’ve stepped in, so they should attempt to manage the thing to maximize the wealth generation long term. This is not a zero-sum game.