4 ms·
It's a cheap price to pay. Imagine if the FDIC had said "fuck you", All the companies and individuals with big deposits in the weaker banks would have started b
by kryptiskt 3y ago
It's a cheap price to pay. Imagine if the FDIC had said "fuck you", All the companies and individuals with big deposits in the weaker banks would have started bank runs on them immediately after the weekend (farfetched? SVB showed how fast these things happen these days). And the more banks that fall, the more vulnerable would the remaining ones be, because the failure of one bank would affect the others balance sheets.