Re:Yellen says government will help SVB depositors but rules...
by dragonwriter on Sunday March 12, 2023 @06:00PM
(#35126860)
> It might be efficient for the FDIC to require complex and expensive financial engineering just to keep operating capital safe, but itβs hostile to businesses
The FDIC exists to protect against a general collapse of banking like the one that preceded the Great Depression, not as a generalized subsidy to business.
The FDIC exists to protect against a general collapse of banking like the one that preceded the Great Depression, not as a generalized subsidy to business.