Re:Yellen says government will help SVB depositors but rules...
by flappyeagle on Sunday March 12, 2023 @03:41PM
(#35125177)
People are worried about what this means for confidence in regional banks.
The prudent thing to do right now is to pull your money out of your regional bank and move it to a GSIB and call it a day. This endangers regional banks and concentrates deposits into the large players.
Re:Yellen says government will help SVB depositors but rules...
by mlyle on Sunday March 12, 2023 @04:17PM
(#35125664)
On the flipside, moral hazard is a real problem too. Setting the precedent that your regional bank can do whatever and you'll be just fine isn't great, either.
The prudent thing to do right now is to pull your money out of your regional bank and move it to a GSIB and call it a day. This endangers regional banks and concentrates deposits into the large players.