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

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.

[ Parent | on HN ]