News for hackers. Stuff that matters.

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 throwawaysleep on Sunday March 12, 2023 @08:11PM (#35128628)
The problem is that everyone now thinks of the haircut and flees any bank that its a fortress to make sure they don't face a haircut.

I.e. you have a bank run on every bank under the largest 10.

[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by actuator on Sunday March 12, 2023 @08:14PM (#35128675)
If we are so fearful of this, and banks are so core to the economy, why not just have government owned banks then, since it seems like government has to subsidize mismanagement.
[ Parent | on HN ]