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Reply to "SVB Bank Run: Fed Calling Emergency Meeting "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We should have done with Iceland did in '08. Let the banks fail, bail out the consumers, and prosecute the bankers.[/quote] This is a lot easier in a country with less than 400,000 people. [/quote] The size argument should have been a cause for caution and it wasn’t. There’s really no getting around the fact that in the 2008 fin crisis the establishment screwed the public and saved itself from its own malfeasance. And then they were craven enough to think political convulsions were surprising![/quote]
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