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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 matheusmoreira on Monday March 13, 2023 @12:36AM (#35131130)
> You think the depositors should be punished for...trusting SVB?

Yes.

> Do you expect every startup to run their own little hedge fund to manage their cash?

I expect them not to trust banks.

[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by weixiyen on Monday March 13, 2023 @04:30AM (#35132734)
There's some countries that work like what you propose.

Those are not the countries Americans are flocking to for good reason.

[ Parent | on HN ]