3 ms·
poor me I'm just a lil smol bean executive who didn't understand why the other banks didn't take the same risks and I didn't want to ask either.
by subsistence234 4y ago
poor me I'm just a lil smol bean executive who didn't understand why the other banks didn't take the same risks and I didn't want to ask either.
- thallium205 4y ago$640B with of other banks did this too. https://www.cnn.com/2023/03/12/investing/stocks-week-ahead/index.html https://www.cnn.com/2023/03/12/investing/stocks-week-ahead/i...
- thallium205 4y agoOther banks did take similar risks. Why do you think the fed setup a facility large enough to serve the entire country to prop them up? The only risk is trying operate in a broken banking system.
- thallium205 4y agoCase in point: First Republic Bank needed a $70B loan this morning to not go the way of SVB.