How deep is the rot in America’s banking industry?

Re:How deep is the rot in America’s banking industry? by JamesBarney on Thursday March 16, 2023 @10:29PM (#35192155)

I think this move probably saved the FDIC money. If you had a massive bank run(1), it's probably cheaper to pay back 250k+ depositors of one bank than for the FDIC to pay out < 250 on 40. Not to mention unloading enormous amounts of MBS's could trigger further insolvencies.

1. which seemed pretty likely, I know people who over the weekend were planning to pull all of their money out of a regional bank and put it in one of the 4 super banks Monday morning)

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Re:How deep is the rot in America’s banking industry? by quickthrowman on Friday March 17, 2023 @12:40AM (#35193204)

> Not to mention unloading enormous amounts of MBS's could trigger further insolvencies.

Agency MBS average trading volume is $250B to $300B a day, it could absorb SVBs entire bond portfolio without breaking a sweat in a single day.

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