Re:Yellen says government will help SVB depositors but rules...
by matheusmoreira on Sunday March 12, 2023 @04:18PM
(#35125668)
"People like myself" are tired of watching banks wreaking havoc and suffering zero consequences for it. Their "safe investment strategies" failed, they're not solvent/liquid enough to pay back their customers, they're getting literally liquidated in a desperate attempt to raise enough money to make everyone whole again. And yet people keep depositing money into these things as if it's not a systemic problem.
I make it a point not to differentiate between the two. Bailing out a bank's customers is bailing out the bank. By all means, liquidate the bank and distribute that cash. People are already commenting down below that it might not be enough. If it's not enough, tough. They made a bet and they lost. Consider not using a bank next time.
I make it a point not to differentiate between the two. Bailing out a bank's customers is bailing out the bank. By all means, liquidate the bank and distribute that cash. People are already commenting down below that it might not be enough. If it's not enough, tough. They made a bet and they lost. Consider not using a bank next time.