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Are more Bank Failures on the horizon in the Biden Economy????
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(03-16-2023, 12:06 PM)mikesez Wrote:(03-16-2023, 10:52 AM)The Real Marty Wrote: I think it's perfectly explainable as a move to stop any potential panic about bank failures, and to save thousands of jobs in the businesses who stand to lose all of their operating cash. Great question. I don't know. Principles are a great thing ("We set the insurance limits, you knew what they were, and we're not going to bail you out") until standing on those principles causes a great deal of damage to completely innocent people. One would hope that every bank out there is doing risk analysis and taking steps to prevent what happened to SVB. |
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