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The government needs new regulations to force depositors and banks to purchase this insurance. Otherwise, we're looking at one grift after another.
by johnbellone 4y ago
The government needs new regulations to force depositors and banks to purchase this insurance. Otherwise, we're looking at one grift after another.
- beezle 4y agoNo, the answer is let the SVB depositors take a hair cut and then you will see far better management of free cash.
- tracker1 4y ago+1 ... Until poor investment decisions have real ramifications, from personal liability on executives and boards even levelled to bankrupt and possibly including criminal conviction, things won't change. I wish the US Govt had done closer to what Iceland and a handful of others did in 2008... No, we aren't bailing you out, you pay out domestic deposits first, and then if there's anything left, the rest. And no, you don't get to take/keep bonuses for it. Modern corporate structure and liability shields to the level they exist in the US is anything but libertarian. You make bad choices, you live with the consequences.