Re:The entire Silicon Valley Bank debacle was started by a s...
by cosmotic on Saturday March 11, 2023 @07:45PM
(#35114879)
How can you blame the fed for the bank not having funds to cover the deposits?
Re:The entire Silicon Valley Bank debacle was started by a s...
by throwwwaway69 on Saturday March 11, 2023 @07:58PM
(#35114990)
The Fed (the reserve and the FDIC) in addition to The Office of the Comptroller of the Currency regulate banking practices. If banks are failing then it's the lack of proper regulation that's responsible.
Re:The entire Silicon Valley Bank debacle was started by a s...
by 7e on Saturday March 11, 2023 @09:00PM
(#35115537)
Regulation is not to designed to prevent every failure. Banks are private, not owned by the state, as the U.S. is a capitalist system.
Re:The entire Silicon Valley Bank debacle was started by a s...
by throwwwaway69 on Monday March 13, 2023 @04:00PM
(#35141625)
Regulation should exist to limit or eliminate the risk of Americans having to pay to cover for bad executive decision making. The whole point of laws and regulations are to protect people and their interests. It is in the public interest to have a stable banking system, and it's also in the public interest to not have to pay premiums for deposit insurance (which we all currently do)
Re:The entire Silicon Valley Bank debacle was started by a s...
by Ekaros on Saturday March 11, 2023 @07:47PM
(#35114892)
Because actions of fed made the bank unstable. By lowering value of things it hold
And then other people attacked it causing a bank run that put it over the edge.
Without the run, it likely could still be operating without too big issues.
Re:The entire Silicon Valley Bank debacle was started by a s...
by cosmotic on Saturday March 11, 2023 @11:26PM
(#35116667)
The bank chose to make risky investments with the deposits it held. That's on the bank, not the fed.
Re:The entire Silicon Valley Bank debacle was started by a s...
by jacknews on Sunday March 12, 2023 @07:18AM
(#35118803)
US Treasuries?
Re:The entire Silicon Valley Bank debacle was started by a s...
by AtlasBarfed on Saturday March 11, 2023 @07:48PM
(#35114901)
It's only a bad thing if there are shorts on the side from the big whales who started pulling levers. I mean, would ANYTHING be done about it? No.
And if the bank could be propped despite what the evil soloblogger power-tweeted, would the gov't prop it up? Yeah. Oh wait, unless some powerful people influenced the govt not too...
I was just trying to retrace the "Global. Coordinated. Recession." Tweet from a few months back, which got walked back. Is a banking crisis an attempt to make another recession since inflation, rate hikes, etc aren't doing a very good job?
It seems to me this whole debacle was ultimately caused by the fed's aggressive rate rises due to their wrongheaded obsession with inflation.