brockm on Nostr: This will probably be very unpopular among people here, given the sentiments I'm ...
This will probably be very unpopular among people here, given the sentiments I'm seeing here, but while I didn't think SVB should be bailed out, for reasons I elucidated, I do think the FDIC should likely intervene with First Republic this weekend. It is as well of a capitalized bank as any other bank in the US, and ordinary people and businesses are going to lose money for no other reason than hysteria brought on by the SVB collapse.
Published at
2023-03-11 22:27:28Event JSON
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