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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 peyton on Sunday March 12, 2023 @06:52PM (#35127525)
You’re saying SVB should’ve been designated “too big to fail?”
[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by lmm on Sunday March 12, 2023 @07:15PM (#35127908)
Well, apparently they are too big to fail, given that the FDIC is covering them. So they should've been subject to the extra capital requirements that too big to fail banks have.
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Re:Joint Statement by the Department of the Treasury, Federa... by DANmode on Sunday March 12, 2023 @06:56PM (#35127594)
Other way around.
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Re:Joint Statement by the Department of the Treasury, Federa... by grey-area on Monday March 13, 2023 @01:32AM (#35131510)
Should have had more regulation - more stringent reporting and capital requirements (easy to say in retrospect, but they were covered by laws repealed in 2018). It should not be possible for a consumer bank to get into this sort of state so that they are so far from being able to return customer funds.
[ Parent | on HN ]