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It's not a "reality" it's a leap so many HNers are making do to goldfish memories and lack of nuance.
by whateveracct 4y ago
It's not a "reality" it's a leap so many HNers are making do to goldfish memories and lack of nuance.
- dahdum 4y agoCould you explain further? By nuance do you mean the idea that they’re telling a “white lie” to keep smaller banks from overextending and intend to bail them out anyway? I do think that’s part of it, but it’s still going to cause capital flight.
- dahfizz 4y agoThe FDIC stepped in this one time, where's the guarantee they will step in every time to cover uninsured deposits?
- VagueMag 4y agoThe implication of the above is that they will not step in every time, but only when they decide (in what is surely a very transparent, consistent, and fair process) that the failing bank in question is "systemically important."