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Did you read the title of this thread? No one is arguing about bailing out a bank. There is a difference between bailing out a bank, and ensuring customers of s
by bart_spoon 4y ago
Did you read the title of this thread? No one is arguing about bailing out a bank. There is a difference between bailing out a bank, and ensuring customers of said bank who did nothing wrong gain access to their money. Yellen is saying this exact thing. For some reason people like yourself are unable to differentiate between the two.
- matheusmoreira 4y ago"People like myself" are tired of watching banks wreaking havoc and suffering zero consequences for it. Their "safe investment strategies" failed, they're not solvent/liquid enough to pay back their customers, they're getting literally liquidated in a desperate attempt to raise enough money to make everyone whole again. And yet people keep depositing money into these things as if it's not a systemic problem. I make it a point not to differentiate between the two. Bailing out a bank's customers is bailing out the bank. By all means, liquidate the bank and distribute that cash. People are already commenting down below that it might not be enough. If it's not enough, tough. They made a bet and they lost. Consider not using a bank next time.