3 ms·

If Banks make bad loans and those loans( or investments) are marked to market bringing the bank out of compliance with Capital requirements, then it gets shutdo

• jessaustin 4y ago
  That's the theory, but does anyone still believe it? In USA now, and for at least the last 15 years, those wealthy enough to hire lobbyists always get bailed out. This week was an opportunity to improve that situation, merely by allowing FDIC to operate in its normal lawful fashion. Small deposits protected entirely, large deposits receive their share of liquidated assets, shareholder equity disappears. Easy and lawful. Saule Omarova, had she been confirmed, would have pushed for this. (If better OCC regulation under her leadership hadn't avoided this situation entirely.) Suddenly it's obvious why she was not confirmed...