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A comment on Fed and FDIC discussing backstop to make SVB depositors whole, stem contagion. Parent comment

Re:Fed and FDIC discussing backstop to make SVB depositors w... by dragontamer on Sunday March 12, 2023 @04:01PM (#35125451)
So 15 years after 2008 and TARP, our solution is to reach for the most extreme tools available to us yet again?

I thought "TARP" / equity injections into banks was a "never again" kinda deal. With Dodd-Frank regulations being passed back then to try to stop these things from being regular. We can't just buyout every bank that collapses.

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At a minimum, I want to see major banks (similar to AIG) teetering on the brink before we reach for those tools again. This absolutely should not, and cannot, be our main way forward whenever a banking issue arises.

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Re:Fed and FDIC discussing backstop to make SVB depositors w... by sidewndr46 on Sunday March 12, 2023 @04:12PM (#35125594)
It was in fact a "one time" thing done to save the banks. I have not even reached 40 years of age but have lived through somehow 4 "once in a lifetime" economic events. Perhaps economists believe that the human lifespan is only a few years?
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