5 ms·
Wall St Journal editorial board begs to disagree: https://archive.ph/9zBUq https://archive.ph/9zBUq
by cft 4y ago
Wall St Journal editorial board begs to disagree: https://archive.ph/9zBUq https://archive.ph/9zBUq
- travisjungroth 4y agoThat link isn’t loading. What statement did I make that’s in disagreement?
- r00fus 4y agoIt’s opinion. It’s also wrong. This isn’t a bailout. Bankers and shareholders are getting their just rewards; customers are made whole.
- belter 4y agoIf it is not a bailout...What was the 250K FDIC limit for?
- travisjungroth 4y agoThe minimum guarantee, not the maximum capabilities.
- colinmorelli 4y agoAs mentioned in another thread, $250k is a minimum. The FDIC guarantees $250k which is covered by fees paid by the banks. Above and beyond that they will pay out depositors first by selling the bank’s assets, which they took over on Friday. In this case, FDIC is saying they will make depositors whole. They’ll do so by covering it with FDIC funds which they’ll recoup by selling assets and charging other banks if there’s a shortfall.
- sanp 4y agoThe WSJ editorial board disagrees with everything the Biden admin does. I am yet to see an a WSJ opinion say ANYTHING positive about the Biden admin. If someone here has seen such an article I would love to see the link. When someone is this one-sided, it is hard to take them seriously.
- area51org 4y ago> it is hard to take them seriously Especially when their "opinion" directly contradicts the stated facts of the situation. The feds are not going to bail out the bank—Yellin specifically said, "We're not doing that again." But they are giving the depositors, meaning people and companies, their money. That is huge. That, far as I am aware, will prevent this situation from becoming a deadly falling-domino game.
- uejfiweun 4y agoI don't really think the editorial is criticizing Biden. It's criticizing the Fed's easy money policies.