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A comment on America’s banks are missing hundreds of billions of dollars. Parent comment

Re:America’s banks are missing hundreds of billions of dollars by christophilus on Wednesday March 22, 2023 @02:52AM (#35257669)
If you’re too big to fail, you’re too big to exist. We should either let them fail (my preference, despite the pain) or bail them all out. But I also think that if we’re going to insist that there is a private entity that is too big to fail, it should be broken up until the pieces are not too big to fail.
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Re:America’s banks are missing hundreds of billions of dollars by piva00 on Wednesday March 22, 2023 @03:13AM (#35257807)
Or it shouldn't be a private entity.
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Re:America’s banks are missing hundreds of billions of dollars by robertlagrant on Wednesday March 22, 2023 @03:48AM (#35258027)
Better a private entity that needs bailing out with taxpayer money than one that is normally funded by taxpayers.
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Re:America’s banks are missing hundreds of billions of dollars by hutzlibu on Wednesday March 22, 2023 @05:41AM (#35258746)
Socialise the risks, privatise profit.
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Re:America’s banks are missing hundreds of billions of dollars by robertlagrant on Monday March 27, 2023 @03:50AM (#35324010)
To be clear: I think we shouldn't socialise the risks either. Just saying it's better than fully running it on taxpayer money.
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Re:America’s banks are missing hundreds of billions of dollars by di456 on Wednesday March 22, 2023 @03:50AM (#35258046)
Banking is basically nationalized now.

The government outsourced this responsibility to the Federal Reserve at the same time that a federal income tax began.

There are 3 main ways to balance a government budget. Spend less, raise more funds through taxes, or make the scale of debt decrease through inflation.

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Re:America’s banks are missing hundreds of billions of dollars by SturgeonsLaw on Wednesday March 22, 2023 @04:34AM (#35258342)
> Banking is basically nationalized now.

More like government is privatized

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Re:America’s banks are missing hundreds of billions of dollars by marcus0x62 on Wednesday March 22, 2023 @08:40AM (#35260112)
¿Por que no los dos?
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Re:America’s banks are missing hundreds of billions of dollars by nashashmi on Wednesday March 22, 2023 @06:24AM (#35259044)
Actually svb did fail. And flunk. The shareholders are wiped out. The employees are gone. Saving the depositors is an act of charity.

And if you save one bank, it restores confidence in the other banks against a bank run. Otherwise I was thinking of removing money in all banks combined.

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