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>"At the same time, this is yet another example of changing the rules in the middle of the game. Yellen has just broadcast that FDIC insurance is essentially un
by FpUser 4y ago
>"At the same time, this is yet another example of changing the rules in the middle of the game. Yellen has just broadcast that FDIC insurance is essentially unlimited, as long as you can threaten wider disruption to the economy."
Rules exist to serve a purpose. If one risks fucking up the economy with the only goal that the rules are preserved - it could end up with pitchforks.
- tomato_123 4y agoNot bailing out some VCs who hold equity in these depositor-companies would not fuck up the economy. Completely absurd and outrageous.
- FpUser 4y agoI was not talking about bailing out shareholder. Just the depositors.
- tomato_123 4y agoBailing out the depositors is bailing out the VCs who own the depositors.