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Started By
Message
re: Great Idea To Stop These Bank Runs Going Forward
Posted on 4/30/23 at 9:09 am to Timeoday
Posted on 4/30/23 at 9:09 am to Timeoday
Also, require all bank executives to put all their own wealth on the line. If bank collapses, they have everything taken away to pay customers.
That will stop the incredibly stupid investments that SVB made.
Europe should do the same. Credit Suisse made some really bad bets, now UBS holds the bags.
That will stop the incredibly stupid investments that SVB made.
Europe should do the same. Credit Suisse made some really bad bets, now UBS holds the bags.
1
Posted on 4/30/23 at 9:13 am to GhostOfFreedom
Yep, before the Federal Reserves, bank executives and shareholders lost when their bank lost.
Now, when the bank loses, it is either swallowed up by a bigger bank (one usually connected to the original Jeckyll Island group) or
the US Taxpayers foot the bill, especially when the "bank is too big to fail". Now that is one hell of a shift.
Now, when the bank loses, it is either swallowed up by a bigger bank (one usually connected to the original Jeckyll Island group) or
the US Taxpayers foot the bill, especially when the "bank is too big to fail". Now that is one hell of a shift.
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