TanithRosenbaum
1435
39
12
Just let them die already, if we keep rescuing them this cycle will never stop because they know they can do whatever they want and will still get bailed out.
Article source: https://markets.businessinsider.com/news/stocks/ftx-svb-stock-market-crash-bond-selloff-federal-reserve-hiking-2023-3
BallsLikeWatermelonsPeckerLikeAThimble
If a bank is so big it’s demise would destroy everything, it should be broken up.
Kenbamazingbutprobablywontbe
Well maybe they should have learned how to not lend more than they had. Over and over again.
TanithRosenbaum
I agree. Which is the problem, because guess who will ultimately pay for that...
Kenbamazingbutprobablywontbe
Fortunately rn so far. Not tax dollars but inevitably other banks will cashout and crash shit for political reasons potentially.
monsto
Roosevelt broke the cycle, those laws worked for 50 years, then Reagan and the Bushes allowed them to be taken apart 1 pixel at a time.
Da3n
We just pretending that Clinton didn't repeal Glass–Steagall with wide bipartisan support?
DonutOlympian
Let's check the political party to decide
UnattendedDeviant
They are being rescued using a fund created with money other banks. They were forced to create the fund after last crash. No tax payer cash
UnattendedDeviant
...*from* other banks.
whatshouldilabelmyself
Dont you love people who dont know what they're commenting on?