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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by lotsofpulp on Sunday March 12, 2023 @06:51PM (#35127498)
“They” as a group then reduce the interest rates they can pay their depositors because they have extra costs to pay for SVB’s depositors gains.
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Re:Joint Statement by the Department of the Treasury, Federa... by hypothesis on Sunday March 12, 2023 @06:57PM (#35127621)
This. “Backstop” thing is to prevent systemic collapse, but otherwise it will spread the losses to other people who “did nothing wrong”. This is really shaping up as bad lesson here for wrongdoers.
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