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Message
re: Great Idea To Stop These Bank Runs Going Forward
Posted on 4/30/23 at 9:13 am to GhostOfFreedom
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.
1
Posted on 4/30/23 at 11:30 am to Timeoday
quote:
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.
The investors / shareholders of SVB lost everything, they were not bailed out.
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