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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 kfrzcode on Monday March 13, 2023 @05:56AM (#35133455)
Sounds like they needed more diversity in their overall capital portfolio; based on significant risk of these long-term bond rate increases -- is this a common tactic that would be employed at other banks, but it's just that SVB had a "special" system where customers would hold more money there or something?

What's stopping my Local Bank from crashing this week?

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Re:Joint Statement by the Department of the Treasury, Federa... by twblalock on Monday March 13, 2023 @06:29AM (#35133695)
> What's stopping my Local Bank from crashing this week?

Enough consumer confidence to prevent a bank run is the only thing that prevents a run on any bank, including the largest banks in the world.

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