Reply to SVB Bank Run: Fed Calling Emergency Meeting

Forum Index » Political Discussion

Reply to "SVB Bank Run: Fed Calling Emergency Meeting "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][twitter]https://twitter.com/HawleyMO/status/1635350800401842176[/twitter][/quote]

Is he going to exempt his MO depositors from their risk and bailout, too?

That's not how a country works, bro.[/quote]

A week ago, it was exactly how the country worked. [/quote]

That one state opted out of federal banking protection?  Hasn't worked like that for a long time.[/quote]

The one where the FDIC had a 250k cap [/quote]

Read about the “systemic risk exception” [/quote]

OK, what about Signature bank? If every potential bank failure now systematic? [/quote]

[twitter]https://twitter.com/elerianm/status/1635230631415402496[/twitter][/quote]

Sure, but that's one bank and we historically let banks fail. FDIC has now implied that every deposit is covered by insurance. That's a very different place than we were prior to SVB collapsing [/quote]

SVB is being allowed to fail.  Historically, the FDIC took over a failed bank on a Friday and sold it to another bank over the weekend, and all the depositors were made whole with the FDIC kicking in no or very minimal money into the deal.  That's how it worked in every single case up until 2008 when the banks were too big and too many for this method to work.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics