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A comment on Yellen says government will help SVB depositors but rules out bailout. Parent comment

Re:Yellen says government will help SVB depositors but rules... by a13n on Sunday March 12, 2023 @11:10AM (#35120927)
I’m with you that we shouldn’t make a habit of spending taxpayer dollars to make depositors whole. We should have better regulation so this couldn’t have happened in the first place. Banks should be required to manage their risk better.

But in this particular instance taxpayers should want to invest in trust in US banks and dollars until regulation is corrected.

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Re:Yellen says government will help SVB depositors but rules... by lotsofpulp on Sunday March 12, 2023 @11:23AM (#35121132)
This particular instance happens all the time.
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Re:Yellen says government will help SVB depositors but rules... by a13n on Sunday March 12, 2023 @01:38PM (#35123310)
top 20 banks do not fail all the time
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Re:Yellen says government will help SVB depositors but rules... by lotsofpulp on Sunday March 12, 2023 @02:08PM (#35123812)
What is the significance of top 20? And SVB was far closer to the 50th bank than a top 10 bank.
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Re:Yellen says government will help SVB depositors but rules... by JumpCrisscross on Sunday March 12, 2023 @11:53AM (#35121603)
> We should have better regulation so this couldn’t have happened in the first place

We do. SVB lobbied successfully to exempt itself from the Fed’s stress tests and Basel III, both of which test assets for interest rate risk and would have caught this problem.

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