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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][twitter]https://twitter.com/TristanSnell/status/1635411657567641600[/twitter]

How about we learn from history?[/quote]

I’m not a Trumpian or a supporter of loose regulations, but regulations aren’t meant to create a perfect system where nothing goes wrong. [b]Regulations are burdensome and they require a lot of time and money to fulfill them, and a lot of taxpayer money to hire analysts to review them[/b]. There’s nothing inherently wrong with saying, the overall banking industry is positioned well, let’s subject the big banks to these regulations and let the ones who pose less systemic risk not do them if they don’t want to.

In this case, a couple of poorly managed banks failed. The FDIC stepped in and did their jobs and the taxpayer will likely not pay a cent.[/quote]

I bet it costs a lot less than the various bailouts and corresponding economic losses.[/quote]

Cost to who? This is not costing the taxpayers. It is costing other banks. And if those banks think the costs are too high, they can advocate to increase regulations. Right now they consistently lobby to reduce regulations, but maybe this event will change their calculus. I doubt it though.[/quote]

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