Re:How deep is the rot in America’s banking industry?
by digitaltrees on Thursday March 16, 2023 @04:39PM
(#35188195)
Valid point. It seems that both challenges would have come from the same group, and that group has no mechanism to stop the FDIC or Fed action.
Re:How deep is the rot in America’s banking industry?
by JumpCrisscross on Thursday March 16, 2023 @07:38PM
(#35190539)
> the swift action was to arrange for the program to be challenged at the Supreme Court
I wouldn't be surprised to see e.g. Signature Bank shareholders challenge these actions in court.
There are all kinds of legal and practical reasons that this isn't really a fair comparison, but again, it's not really about the specific policies, it's about a sense of where the government's priorities are and its flexibility seeming to only bend in one direction.