Re:Yellen says government will help SVB depositors but rules...
by dehrmann on Sunday March 12, 2023 @03:07PM
(#35124701)
> but the reputation of the entire US Banking system
Agreed. Advanced economies work because there are things you can take for granted, and you gain efficiencies from that. There are plenty of countries where the currency collapses every decade and banks don't work well. None one looks up to them, no one aspires to start a business there, and they're not leaders in anything other than maybe a commodity. They're places smart people leave.
Agreed. Advanced economies work because there are things you can take for granted, and you gain efficiencies from that. There are plenty of countries where the currency collapses every decade and banks don't work well. None one looks up to them, no one aspires to start a business there, and they're not leaders in anything other than maybe a commodity. They're places smart people leave.