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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 smoovb on Sunday March 12, 2023 @09:12PM (#35129265)
Sorry, how is this irresponsible? Leaders that imagine and vocally describe a plausible negative outcome seems quite sensible.

Seems the equivalent of screaming fire in a crowded theater, when there is an actual fire.

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Re:Joint Statement by the Department of the Treasury, Federa... by zerocrates on Sunday March 12, 2023 @10:08PM (#35129885)
Bank runs are a psychological phenomenon.

If you're looking at a bunch of companies you're invested in taking a 5, 10, whatever percent haircut on their deposits, it might be to your interest to take to the media and encourage everyone to panic, helping to create the very risk of contagion that you're talking about, to try to force the government's hand.

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Re:Joint Statement by the Department of the Treasury, Federa... by jacquesm on Sunday March 12, 2023 @10:45PM (#35130297)
No, this has the power to cause the fire to get much larger because the shout gets heard way outside the theater.
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Re:Joint Statement by the Department of the Treasury, Federa... by csomar on Sunday March 12, 2023 @11:48PM (#35130757)
They are using their media influence to "threaten" a bank run. Aka, if you don't bail us out, then we might as well take the whole system with us.
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