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Wall Street — not taxpayers — will pay for the SVB and Signature deposit relief plans https://www.cnbc.com/2023/03/13/wall-street-not-taxpayers-will-pay-for-th
by hardstartuper 4y ago
Wall Street — not taxpayers — will pay for the SVB and Signature deposit relief plans
https://www.cnbc.com/2023/03/13/wall-street-not-taxpayers-will-pay-for-the-svb-and-signature-deposit-relief-plans-.html https://www.cnbc.com/2023/03/13/wall-street-not-taxpayers-wi...
- salawat 4y agoThey will not. They will pass the cost on to the end consumer. You seem to mosunderstand how finance works. When you're the middleman, you have no problems. Only the consumer does.
- astrange 4y agoCompetition between banks reduces prices the same way it always does. The banks that failed in the last week were closer to monopolies than most banks and it doesn't seem like it helped.