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I wouldn't say "nothingburger", but I would say HN users, as per usual, are misunderstanding the issue. It's not as serious as exceeding cash reserves. It's, th
by bilbo0s 3y ago
I wouldn't say "nothingburger", but I would say HN users, as per usual, are misunderstanding the issue. It's not as serious as exceeding cash reserves. It's, theoretically, a temporary problem that bank executives are actually legally obligated to remedy.
It does, however, warrant banks reevaluating their risk assessment practices. Or maybe the problem is elsewhere? Something is definitely out of place for this situation to even arise so soon after the unpleasantness of 2008.
- JumpCrisscross 3y ago> not as serious as exceeding cash reserves Reserves are entirely an accounting item. There are no cash reserves. > warrant banks reevaluating their risk assessment practices It’s predicting they already have. This article is messaging likely earnings outcomes. Not a crisis.