Yellen says government will help SVB depositors but rules out bailout

Re:Yellen says government will help SVB depositors but rules... by wpietri on Sunday March 12, 2023 @07:27PM (#35128068)

For the third time, I understand people have this belief. But restating a belief without adding evidence doesn't convince me you're right. If anything, it's the opposite.

We could be in the eye of a hurricane. Or we could be in any of the non-hurricane locations on the planet. I think the latter is more likely.

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Re:Yellen says government will help SVB depositors but rules... by danenania on Sunday March 12, 2023 @07:45PM (#35128309)

Fyi: https://www.federalreserve.gov/newsevents/pressreleases/mone...

Seems like the verdict is in.

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Re:Yellen says government will help SVB depositors but rules... by wpietri on Sunday March 12, 2023 @11:38PM (#35130691)

Now that we know a second bank is being taken over, yes, a verdict is in. But I think that says more about having a second failure than the situation we were discussing.

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