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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 creato on Monday March 13, 2023 @05:06AM (#35133026)
What greater penalty for a bank or any other corporation is there than what has already happened to SVB? The shareholders are wiped out. The only thing left would be pursuing individual executives for… something, but aside from possible insider trading it’s not clear what.
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Re:Joint Statement by the Department of the Treasury, Federa... by thallium205 on Monday March 13, 2023 @06:09AM (#35133547)
Damn bank executives buying risky treasury bonds! Arrest them! /s
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Re:Joint Statement by the Department of the Treasury, Federa... by subsistence234 on Monday March 13, 2023 @06:36AM (#35133774)
poor me I'm just a lil smol bean executive who didn't understand why the other banks didn't take the same risks and I didn't want to ask either.
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Re:Joint Statement by the Department of the Treasury, Federa... by thallium205 on Monday March 13, 2023 @06:57AM (#35133946)
Other banks did take similar risks. Why do you think the fed setup a facility large enough to serve the entire country to prop them up?

The only risk is trying operate in a broken banking system.

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Re:Joint Statement by the Department of the Treasury, Federa... by thallium205 on Monday March 13, 2023 @08:32AM (#35134824)
Case in point: First Republic Bank needed a $70B loan this morning to not go the way of SVB.
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Re:Joint Statement by the Department of the Treasury, Federa... by thallium205 on Monday March 13, 2023 @08:40PM (#35145584)
$640B with of other banks did this too.

https://www.cnn.com/2023/03/12/investing/stocks-week-ahead/i...

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