Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC

Re:Joint Statement by the Department of the Treasury, Federa... by throwaway2037 on Monday March 13, 2023 @03:35AM (#35132360)

Your last paragraph is dead on. Here is analysis from a blog run by Financial Times ("FTAlphaVille"): https://www.ft.com/content/c95e7708-b903-405d-a017-963844eb3...

Scroll down to screenshot of tiny text to find the "one trick" to explain it all. SVB poorly managed their balance and had weak regulations for which they lobbied (oh, the lulz). Nothing more. FDIC wind-down or maybe sale. Plus, tighten up that rule. End of story. Maybe a few billion of special assessment (_in total_) on all other banks -- this is how deposit insurance works _in one form or another_ in all advanced economies.

Why is this darn story getting so much attention? Dunno. Slow news cycle?

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Re:Joint Statement by the Department of the Treasury, Federa... by ahepp on Monday March 13, 2023 @03:45AM (#35132417)

I haven't read the Alphaville coverage yet, but I thought their front page feature was pretty informative coverage: https://www.ft.com/content/b556badb-8e98-42fa-b88e-6e7e0ca75...

I'll read Alphaville next

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