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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 Rury on Sunday March 12, 2023 @09:15PM (#35129303)
Eh, those mistakes happen still, we just don't let consequences of them happen.
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Re:Joint Statement by the Department of the Treasury, Federa... by vkou on Sunday March 12, 2023 @09:17PM (#35129313)
SVB shareholders losing 100% of their investment seems like a consequence. They are probably kicking themselves for not doing more DD over the C-suite.
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Re:Joint Statement by the Department of the Treasury, Federa... by Rury on Sunday March 12, 2023 @10:22PM (#35130044)
Sure. The point I was making that the mistakes which caused bank failures in 1930s and bank failures today, is fundamentally the same kind of mistakes. Ergo, we still make those mistakes; they still happen, we just don't let depositors bear the consequences of it anymore.
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