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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 ProjectArcturis on Sunday March 12, 2023 @08:46PM (#35128960)
They weren't at risk of failing when TARP passed. If TARP hadn't passed, and a few of their counterparties had gone bankrupt, they might have been next as the whole system went under.
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Re:Joint Statement by the Department of the Treasury, Federa... by jeremyjh on Sunday March 12, 2023 @11:08PM (#35130474)
Yes and that is why they did what the Treasury told them to. It was directly in their shareholder's interests to support the recovery of the banking industry. Ken Lewis still lost his job for doing it.
[ Parent | on HN ]