Re:SVB chief pressed Congress to weaken risk regulations
by ianai on Sunday March 12, 2023 @10:43AM
(#35120590)
because the fed is targeting a 2% inflation rate. Laissez faire policy led to the Great Depression. The lesson there was the downs absolutely do not need to resolve on their own without government involvement and LF was abandoned. The reforms from it significantly contributed to the growth and stability from thereon.
Why? It is. Transparently. There are measures of how risky different banks are.
For ordinary people, the risks should be insulated. And they are. Deposits are insured. Unemployment is insured. If you have more than $250k in a non-investment grade bank, you should have a strategy for mitigating that risk. If you have tens of millions of dollars of cash, you should have a treasury function.