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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 eshnil on Monday March 13, 2023 @04:33AM (#35132762)
"KYB" now means "Know Your Bank". :-D

More seriously, you don't need to do extra due diligence. Just buy insurance for your funds above $250K. Or use standard treasury methods like using institutional insured liquid deposits or sweep accounts.

[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by xapata on Sunday March 19, 2023 @02:09AM (#35216474)
Liability insurance is required for automobile drivers, because of the externalities. Perhaps bank run insurance should be required for depositors, because of the externalities. That'd force depositors to internalize the externality of banking with a fragile bank.
[ Parent | on HN ]