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re: Now Bank Bailouts - What is Next

Posted on 3/14/23 at 10:22 am to
Posted by billjamin
Houston
Member since Jun 2019
12907 posts
Posted on 3/14/23 at 10:22 am to
I don't think many people realize how these deposits impact them. It feels like most people just assume this is a bunch of woke assholes, VC/PE and rich tech bros money, so frick them.

But in reality, when you look at the real indirect exposure it's everyone with an insurance policy, pension, etc.
Posted by Big Scrub TX
Member since Dec 2013
33744 posts
Posted on 3/14/23 at 10:24 am to
quote:


Now Bank Bailouts - What is Next
I don't think many people realize how these deposits impact them. It feels like most people just assume this is a bunch of woke assholes, VC/PE and rich tech bros money, so frick them.

But in reality, when you look at the real indirect exposure it's everyone with an insurance policy, pension, etc.
I'm sure the average depositor at SVB would not fit in on TD.com. Having said that, what idiots are actively down for a full fledged bank panic?
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