Re:JPMorgan Chase Bank Assumes All the Deposits of First Rep...
by JumpCrisscross on Monday May 01, 2023 @04:27AM
(#35770321)
> not sure if a vote would really turn out that way
We don’t vote on individual drug approvals, either.
Some people have a broad vendetta against the Fed and fiat currency. That is fine. But shoehorning it into every discussion, even when it isn’t relevant, doesn’t advance anything. This is a bank failure being resolved with public-private participation within the FDIC’s framework with support from the OCC. There are smart things one can say about the FHLBs, TBTF and liquidity ratios. (You pointed out centralisation. That’s a smart thing to discuss!) There isn’t much relevance to the Fed and monetary base, however, unless we’re speculating on the next rate rise.
We don’t vote on individual drug approvals, either.
Some people have a broad vendetta against the Fed and fiat currency. That is fine. But shoehorning it into every discussion, even when it isn’t relevant, doesn’t advance anything. This is a bank failure being resolved with public-private participation within the FDIC’s framework with support from the OCC. There are smart things one can say about the FHLBs, TBTF and liquidity ratios. (You pointed out centralisation. That’s a smart thing to discuss!) There isn’t much relevance to the Fed and monetary base, however, unless we’re speculating on the next rate rise.