News for hackers. Stuff that matters.

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 ketzo on Sunday March 12, 2023 @09:52PM (#35129696)
Lol. If every depositor at SVB just instantly took the straight-up haircut — to the tune of -20% or worse - 50 more banks would fail in the next week.

Feds are averting national crisis here.

[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by hellojesus on Monday March 13, 2023 @04:42PM (#35142246)
The crisis needs to happen to correct badly allocated capital.
[ Parent | on HN ]