Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC

Re:Joint Statement by the Department of the Treasury, Federa... by umanwizard on Sunday March 12, 2023 @07:48PM (#35128350)

The bank, which is the entity that lost money on treasury bonds, is not getting bailed out. Its value is now probably zero.

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Re:Joint Statement by the Department of the Treasury, Federa... by Willson50 on Sunday March 12, 2023 @09:08PM (#35129222)

He should have used someone else's money.

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Re:Joint Statement by the Department of the Treasury, Federa... by panarky on Sunday March 12, 2023 @09:32PM (#35129475)

Are you replying to a different comment?

I didn't say the bank was getting bailed out.

I was observing that ultrarich depositors with billion-dollar uninsured balances who would have lost money due to a reduction in the value of bonds are being made whole by socializing their losses.

While I, someone who is not ultrarich, who is just trying to save for my family, will have to eat 100% of the losses due to a reduction in the value of bonds, and have zero opportunity to have someone else cover my losses.

[ Parent | on HN ]