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Money and Finances
Reply to "List of 10 Banks that raised similar red margin flags to those of SVB"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Didn’t the Feds basically say they will cover all depositors without limit? Why does anyone care?[/quote] This is a broader issue where the cancer can spread. There is a gigantic issue if the fed has to bail out multiple banks;”: 1 execution, fed is horrible at executing on anything 2.money coming out of the fed is indeed bottomless, but at a very heavy price 3.More bail outs will cause generational harm to our economy. This is no minor issue, especially with our the self sabatoging misery porn they will just keep the cycle of panic going. [/quote] The US government made $15B in profit on TARP. [/quote] But if they had taken that fund and paid off outstanding debt, they would have saved $70B in interest.[/quote] That's not how the government works. Neither Reps or Dems.[/quote]
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