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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 treis on Sunday March 12, 2023 @09:08PM (#35129216)
> changing the rules in the middle of the game

Part of the rules are that the regulators are supposed to shut down a bank before the run happens. They're not supposed to let the run happen and let the poor saps that were too slow moving their money bear the brunt of the losses.

[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by tz192045 on Sunday March 12, 2023 @09:26PM (#35129429)
Yes, and had SVB (among others) not successfully lobbied Congress in 2018 to get big regional banks excluded from more stringent "stress test" requirements, perhaps the regulators could've detected faults in SVB's capital before it was too late.
[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by treis on Monday March 13, 2023 @11:12AM (#35136800)
Isn't that between SVB (among others) and the regulators?
[ Parent | on HN ]