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A comment on First Republic, other regional bank stocks sink after failure of SVB. Parent comment

Re:First Republic, other regional bank stocks sink after fai... by anon291 on Sunday March 12, 2023 @06:12PM (#35126985)
Recall that a dollar bill is a promise by the federal reserve to pay a dollar. There is no guarantee that that promise holds.
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Re:First Republic, other regional bank stocks sink after fai... by piperswe on Sunday March 12, 2023 @09:15PM (#35129298)
If the promise doesn't hold, then the American financial system comes crashing down and you have bigger worries than that.
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Re:First Republic, other regional bank stocks sink after fai... by photonbeam on Saturday March 18, 2023 @01:43AM (#35206470)
That feels circular, what is a dollar then
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