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how dare you suggest that big business financial can't regulate themselves. !
that's like saying 535 people in DC can't get anything worthwhile done ... other than raising money for wordy causes.
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At this point everything should turn out fine, unless the CPI numbers don't come in good tomorrow (in an inflationary sense). Even then it won't be anything like 2008 or even close.
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I understand why the FDIC protected the deposits of these two banks. But the story isn’t over - there will be investigations and likely new bank regulations created to prevent a recurrence.
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Forrest wrote:
I understand why the FDIC protected the deposits of these two banks. But the story isn’t over - there will be investigations and likely new reestablishment of previously existing bank regulations created to prevent a recurrence.
FTFY.
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Which banking regulation was repealed that would have prevented this?
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https://www.npr.org/sections/money/2023/...alley-bank
"Peter Thiel's prominent Founders Fund, for example, advised customers to pull deposits out of the bank immediately, adding momentum to a bank run that set off the bank's swift collapse."
back again to be the giant bucket of ....
“Art is how we decorate space.
Music is how we decorate time.”
Jean-Michel Basquiat