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A comment on NY Fed rescues overnight lending market with $53B. Parent comment

Re:NY Fed rescues overnight lending market with $53B by taneq on Tuesday September 17, 2019 @05:45PM (#21000409)
This feels like a circular argument: Banks get bailed out, because banks always repay their loans, because banks can’t go broke, because banks get bailed out.
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Re:NY Fed rescues overnight lending market with $53B by mgraczyk on Tuesday September 17, 2019 @05:50PM (#21000445)
Whether or not bank bailouts were prudent is a matter of debate, but unlike individuals, default is rare and overall bailouts were repaid quickly.

https://www.politifact.com/new-hampshire/statements/2012/oct...

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Re:NY Fed rescues overnight lending market with $53B by mywittyname on Tuesday September 17, 2019 @06:00PM (#21000525)
Not really. It's more like, when a bank fails, there's a system in place to ensure a quick, transparent sale of assets to another financially sound institution.
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Re:NY Fed rescues overnight lending market with $53B by kortilla on Tuesday September 17, 2019 @06:07PM (#21000582)
No, banks don’t get bailed out. That’s the point. These aren’t being bailed out each night.
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