Re:How deep is the rot in America’s banking industry?
by prottog on Thursday March 16, 2023 @10:01PM
(#35191930)
> How were you harmed specifically?
That's like asking how you were specifically harmed as a result of there being one more CO2-spewing pickup truck in the world. Bad things amortized over millions of people are still bad, even if the harm to any individual is too small to verbalize.
Re:How deep is the rot in America’s banking industry?
by maximinus_thrax on Friday March 17, 2023 @10:26AM
(#35197539)
No, it's not. One more CO2-spewing pickup truck doesn't take the headlines for a week.
How were you harmed specifically?
> you will not see the interest rate on savings accounts go up as much as it might have otherwise.
Bullshit. Interest rates for savings accounts are and have been an absolute joke. Are they going to become a more hilarious joke? Probably but seriously, who cares?
> I'm not saying this outcome is terrible, perhaps it was the best solution for the system as a whole.
Yes, it is the best solution, otherwise you'd have written a completely different statement if the bank run went viral and you would have been really harmed.