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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 AbrahamParangi on Sunday March 12, 2023 @07:07PM (#35127781)
You’re being bailed out too. You just don’t understand how.

Signature Bank failed and they didn’t tell anyone. A half dozen more would be dead by noon on Monday. Good luck with to rest of the financial system, and good luck to the rest of the economy.

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Re:Joint Statement by the Department of the Treasury, Federa... by Willson50 on Sunday March 12, 2023 @08:55PM (#35129056)
We're not bailed out if we're under $250k.
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Re:Joint Statement by the Department of the Treasury, Federa... by AbrahamParangi on Sunday March 12, 2023 @09:16PM (#35129306)
What about your employer? Would they still have money to pay you?
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Re:Joint Statement by the Department of the Treasury, Federa... by Willson50 on Sunday March 12, 2023 @09:32PM (#35129480)
If your employer doesn't pay you, then you find a another job.
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Re:Joint Statement by the Department of the Treasury, Federa... by AbrahamParangi on Sunday March 12, 2023 @09:36PM (#35129519)
Bold of you to assume that work will be available to you.
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Re:Joint Statement by the Department of the Treasury, Federa... by Willson50 on Sunday March 12, 2023 @09:38PM (#35129545)
The alternative is the rich forever get bailouts.
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Re:Joint Statement by the Department of the Treasury, Federa... by AbrahamParangi on Sunday March 12, 2023 @11:12PM (#35130504)
This isn’t bailing out the rich this is businesses. If you want businesses to not exist, fine. I suggest you find some communist utopia and go live there.
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Re:Joint Statement by the Department of the Treasury, Federa... by bobberkarl on Monday March 13, 2023 @01:18AM (#35131412)
One of these times where you can see how the concentration of quality reasoning on HN decreased with time and popularity. People think hurting businesses will not affect them. Incredible.
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Re:Joint Statement by the Department of the Treasury, Federa... by Willson50 on Monday March 13, 2023 @10:46AM (#35136394)
You're right, this place is just Reddit now.
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Re:Joint Statement by the Department of the Treasury, Federa... by ladon86 on Sunday March 12, 2023 @09:47PM (#35129637)
The US has over $9tn of deposits and the entire FDIC insurance fund is only $121bn, which is less than the total assets of SVB alone. FDIC insurance can cover a few bank failures, but not dozens.
[ Parent | on HN ]