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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 nerdponx on Sunday March 12, 2023 @01:17PM (#35122943)
Every bank exec is a fat cat to some extent. People and businesses need banks no matter what, and they shouldn't be required to do exhaustive due diligence on every bank. This is the whole purpose of regulation; everyone benefits from oversight.
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Re:Yellen says government will help SVB depositors but rules... by matheusmoreira on Sunday March 12, 2023 @01:33PM (#35123219)
> People and businesses need banks no matter what, and they shouldn't be required to do exhaustive due diligence on every bank.

They're already required to do KYC/AML due dilligence on normal human beings. Why shouldn't they be required to do the same for the banks they trust their fortunes with?

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Re:Yellen says government will help SVB depositors but rules... by nerdponx on Sunday March 12, 2023 @05:28PM (#35126530)
Who is? Random SaaS and biotech startups?
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Re:Yellen says government will help SVB depositors but rules... by matheusmoreira on Sunday March 12, 2023 @11:41PM (#35130709)
Pretty much every US business is.
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