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A comment on The Fed smothers capitalism in an attempt to save it. Parent comment

Re:The Fed smothers capitalism in an attempt to save it by HWR_14 on Saturday March 18, 2023 @02:47PM (#35211936)
What company is big enough to insure a $230 billion payout if just one bank fails, let alone more than one?
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Re:The Fed smothers capitalism in an attempt to save it by ivalm on Saturday March 18, 2023 @03:00PM (#35212040)
But you don’t need to payout $230B, assets didn’t go to 0. You need to payout like $30B, or whatever the difference between assets and liabilities.
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Re:The Fed smothers capitalism in an attempt to save it by HWR_14 on Saturday March 18, 2023 @07:39PM (#35214349)
Even $30B (as a single claim) would be difficult to handle. Again, name a company you would trust to hand over that much money then and not topple over.
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Re:The Fed smothers capitalism in an attempt to save it by selectodude on Saturday March 18, 2023 @02:52PM (#35211984)
I could see the re-insurance market being able to float it but it would probably work under an excess balance fee >$250,000.
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