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A 50% increase is pretty significant. Especially if you're the landlord with a mortgage.
by diogenescynic 3y ago
A 50% increase is pretty significant. Especially if you're the landlord with a mortgage.
- superduperer 3y ago[dead]
- toomuchtodo 3y agoLandlord walks away, bank eats the loss, FDIC steps in if the bank mismanaged the risk and fails. Is FDIC going to fail? Obviously not, the government and central bank will not fail.
- diogenescynic 3y agoSo you want another round of regional bank failures so more money will move to JP Morgan? Can't see that going wrong.
- toomuchtodo 3y agoIf the insolvency already exists, are you advocating to pretend it doesn’t? There are too many banks in the US anyway. If community or regional banks fail, replace them with postal banking or FedAccounts if you’re concerned about lack of deposit account options. https://www.npr.org/2023/05/16/1176513695/does-the-u-s-have-too-many-banks https://www.npr.org/2023/05/16/1176513695/does-the-u-s-have-... https://www.congress.gov/bill/116th-congress/senate-bill/3571/text https://www.congress.gov/bill/116th-congress/senate-bill/357...
- diogenescynic 3y agoThis is Accelerationism and I don't think it will actually lead to a better outcome--almost certainly will just lead to fewer/larger banks and not postal banking. I cannot see a slight chance of postal banking ever happening in the US when we can't even agree on other more fundamental things. Just look at who spends the most on lobbying. Congress isn't going to bite the hand that feeds them. So good luck.
- theandrewbailey 3y ago> Is FDIC going to fail? Obviously not. I wouldn't say that. Why are there bank runs on failing banks that are FDIC insured? Do people not trust it?
- toomuchtodo 3y agoUnsophisticated humans or mismanagement of risk (uninsured cash equivalents). Fear is a feeling, risk can be measured and mitigated.