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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 wpietri on Sunday March 12, 2023 @03:48PM (#35125275)
As with the other person, I understand that's a thing you're imagining. I'm just not seeing much evidence for it. It is a possibility? Sure. But not one I see as a major risk. And from what financial regulators are saying, I don't think they see it that way either.
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Re:Yellen says government will help SVB depositors but rules... by notfromhere on Sunday March 12, 2023 @05:21PM (#35126462)
You're not seeing it because banks are generally closed over the weekend. This is like sitting in the eye of the hurricane and saying that everything is fine because it's not windy yet.
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Re:Yellen says government will help SVB depositors but rules... by wpietri on Sunday March 12, 2023 @07:27PM (#35128068)
For the third time, I understand people have this belief. But restating a belief without adding evidence doesn't convince me you're right. If anything, it's the opposite.

We could be in the eye of a hurricane. Or we could be in any of the non-hurricane locations on the planet. I think the latter is more likely.

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Re:Yellen says government will help SVB depositors but rules... by danenania on Sunday March 12, 2023 @07:45PM (#35128309)
Fyi: https://www.federalreserve.gov/newsevents/pressreleases/mone...

Seems like the verdict is in.

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Re:Yellen says government will help SVB depositors but rules... by wpietri on Sunday March 12, 2023 @11:38PM (#35130691)
Now that we know a second bank is being taken over, yes, a verdict is in. But I think that says more about having a second failure than the situation we were discussing.
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