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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 MangoCoffee on Sunday March 12, 2023 @09:00PM (#35129117)
> Yellen has just broadcast that FDIC insurance is essentially unlimited, as long as you can threaten wider disruption to the economy.

yup. it doesn't matter how big you fuck up if you are too big a risk to US economy. the US govrt (American tax payers) will bail you out.

[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by bjt on Sunday March 12, 2023 @11:30PM (#35130635)
The bank shareholders are not getting made whole, and the bank management have lost their jobs.

The only people being bailed out are the depositors, who were not being irresponsibly risky.

[ Parent | on HN ]