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Second biggest bank failure in the history of the US requires exceptions to be made due to the sheer volume of companies and assets involved here. We don’t wan
by a13n 4y ago
Second biggest bank failure in the history of the US requires exceptions to be made due to the sheer volume of companies and assets involved here.
We don’t want to erode global trust in US banks and dollars do we?
- rolandog 4y agoMaybe the banks shouldn't be able to lobby for relaxing the regulations without which situations like these arise.
- a13n 4y agoAgreed. Making depositors whole and tightening regulation aren't mutually exclusive.
- baq 4y agoNormally HN has some of the best quality comments on the whole internet but the amount of FUD and just plain wrongness in this topic is surreal. The truth is: the bank’s risk management was done by a couple pigeons: one to peck ‘buy long duration’ and the other to peck ‘approved’. There is no other bank like this. Spillover risk is zero. The folks who are shouting about systemic bank run are talking their books (Ackman please shut up now if you’re reading this)