Re:Joint Statement by the Department of the Treasury, Federa...
by ethbr0 on Sunday March 12, 2023 @10:03PM
(#35129823)
> Which is terrible for competition if everyone’s essentially forced to use a top 3 bank just to have confidence for your money in a US Bank to be safe.
Isn't that the whole point of this decision -- giving depositors at non-top banks confidence in the system?
If the FDIC et al. had done the opposite here (let SVB depositors take losses) then the takeaway would have been "bank only with a top-3".
Isn't that the whole point of this decision -- giving depositors at non-top banks confidence in the system?
If the FDIC et al. had done the opposite here (let SVB depositors take losses) then the takeaway would have been "bank only with a top-3".