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I suppose the only rationale thing I can do now is look for the banking institutions which offer the best above-market rates. If the bank goes under, the govern
by fbdab103 4y ago
I suppose the only rationale thing I can do now is look for the banking institutions which offer the best above-market rates. If the bank goes under, the government will prop it up. I could hardly have been expected to do my own diligence on a bank.
- xur17 4y agoThat was already the case for the vast majority of people since FDIC insures anything up to 250k.
- supertrope 4y agoThat can be fine for personal banking. Regulators audit liquidity coverage ratio, tier 1 capital, etc. Investment products have bolded warning that FDIC insurance does not apply. For commercial banking it can be argued that counter-party risk assessment is on the business.
- fbdab103 4y ago>For commercial banking it can be argued that counter-party risk assessment is on the business. Except in this case where businesses who used SVB get a Mulligan?
- nerdponx 4y agoYes. Blaming bank depositors for this is like blaming people for choosing the wrong airline if a plane crashes.