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comment by mk

I don’t think it had anything to do with the type of depositors, but everything to do with preventing contagion. I think this was much bigger than politics.





b_b  ·  400 days ago  ·  link  ·  

We'll have to agree to disagree on that point. The whole thing looks slimy to me. Why write laws if we can just disregard them when it produces outcomes we like better in the immediate term?

mk  ·  400 days ago  ·  link  ·  

https://www.reuters.com/markets/us/first-republic-bank-tumbles-drags-down-shares-other-regional-lenders-2023-03-16/

It’s a desperate struggle atm. The left hates SVB depositors. No political points were scored.

kleinbl00  ·  400 days ago  ·  link  ·