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I’m with you that we shouldn’t make a habit of spending taxpayer dollars to make depositors whole. We should have better regulation so this couldn’t have happen
by a13n 4y ago
I’m with you that we shouldn’t make a habit of spending taxpayer dollars to make depositors whole. We should have better regulation so this couldn’t have happened in the first place. Banks should be required to manage their risk better.
But in this particular instance taxpayers should want to invest in trust in US banks and dollars until regulation is corrected.
- deleted 4y ago[deleted]
- lotsofpulp 4y agoThis particular instance happens all the time.
- a13n 4y agotop 20 banks do not fail all the time
- lotsofpulp 4y agoWhat is the significance of top 20? And SVB was far closer to the 50th bank than a top 10 bank.
- JumpCrisscross 4y ago> We should have better regulation so this couldn’t have happened in the first place We do. SVB lobbied successfully to exempt itself from the Fed’s stress tests and Basel III, both of which test assets for interest rate risk and would have caught this problem.
- deleted 4y ago[deleted]