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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 logifail on Monday March 13, 2023 @11:06AM (#35136704)
> the US government should do whatever they have to do to make that risk zero

Errm ... there are an awful lot of people who will never, ever, in their entire lives, have anywhere close to $250,000 on deposit at one bank.

Q: Why should all those people backstop your investment?

Given that, is it perhaps possible that you should take responsibility for your investments which exceeed $250k?

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Re:Joint Statement by the Department of the Treasury, Federa... by sebzim4500 on Monday March 13, 2023 @12:27PM (#35138000)
Those people are probably not a significant portion of the tax revenue, so that argument cuts both ways.

I had zero dollars in SVB, and I would probably be less affected than the average person if there was a full on banking collapse.

I'm still not stupid or capricious enough to oppose this 'bailout' though.

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