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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 @12:37AM (#35131142)
> The depositors didn't make the decision to turn deposits into low interest long term bonds, and hold it after interest rates have risen.

They lent their money to the bank. They are absolutely responsible.

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Re:Joint Statement by the Department of the Treasury, Federa... by Aperocky on Monday March 13, 2023 @12:48AM (#35131219)
To a degree yes, you're absolutely correct.

That social model also brings great depression as a feature, and we decided to moved away from it because great depression bad.

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Re:Joint Statement by the Department of the Treasury, Federa... by matheusmoreira on Monday March 13, 2023 @01:14AM (#35131384)
Moved away from 1929 straight to 2008.
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Re:Joint Statement by the Department of the Treasury, Federa... by Aperocky on Monday March 13, 2023 @01:29AM (#35131483)
> Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession.

> The Great Depression/Peak global unemploy­ment 24.9% 1933

> Great Recession/Peak global unemploy­ment 10% Oct 2009

Not even closely comparable, thank you for nominating cases as to why the new model is superior.

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