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A comment on First Republic, other regional bank stocks sink after failure of SVB.

Re:First Republic, other regional bank stocks sink after fai... by photonbeam on Sunday March 12, 2023 @01:21PM (#35123013)
Can I just open a bank account at the federal reserve directly rather than worrying about bank failure?
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Re:First Republic, other regional bank stocks sink after fai... by dexter0 on Sunday March 12, 2023 @01:26PM (#35123096)
In time.
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Re:First Republic, other regional bank stocks sink after fai... by paxys on Sunday March 12, 2023 @02:18PM (#35123983)
No but you can by government bonds.
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Re:First Republic, other regional bank stocks sink after fai... by neon_electro on Sunday March 12, 2023 @05:35PM (#35126593)
Would be nice if we could open an account at the local post office: https://en.wikipedia.org/wiki/Postal_savings_system
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Re:First Republic, other regional bank stocks sink after fai... by anon291 on Sunday March 12, 2023 @06:12PM (#35126985)
Recall that a dollar bill is a promise by the federal reserve to pay a dollar. There is no guarantee that that promise holds.
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Re:First Republic, other regional bank stocks sink after fai... by piperswe on Sunday March 12, 2023 @09:15PM (#35129298)
If the promise doesn't hold, then the American financial system comes crashing down and you have bigger worries than that.
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Re:First Republic, other regional bank stocks sink after fai... by photonbeam on Saturday March 18, 2023 @01:43AM (#35206470)
That feels circular, what is a dollar then
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