What is Nostr?
ItsMe /
npub1ff5…lh2j
2023-03-13 01:27:18
in reply to nevent1q…w9nd

ItsMe on Nostr: This isn't quite the same as 2008. This is just covering the depositors. In ...

This isn't quite the same as 2008. This is just covering the depositors. In 2008-2011, we gave the banks trillions of dollars so they'd pass their capital standards tests and look healthier than they were.

I still think there's a moral hazard here. How many future bankers will rely on today's decision to justify taking more risks with depositors' funds?
Author Public Key
npub1ff5wcmjjlq8j7zzv8lwymatpm5a3lez85wzxk683u37sns24zmks3hlh2j