Now, multiple regional bank stocks are back under pressure.
For the 3 failures we have seen so far, the FDIC seized and sold the banks while sharing $35 billion+ in losses.
This is the new precedent, let the FDIC cover losses while large banks get paid to rescue failing banks.
They have no motive to rescue banks before they collapse if the FDIC will pay them to take failed banks off their hands.
Large banks will continue to look for bargains as the crisis goes on.
This is a bad precedent regulators have established.
@Boogerbeard1 @JFlashGordonMMA@SStricklandMMA Lol @ these people no1 heard of upset about this ๐๐คฃ๐๐คก At least your comments finally got some views
@DARoberts36@EndWokeness I actually know farmers. As someone who's investigated a number of them before, the amount of low-risk capital fed to farmers and government handouts are ridiculous. They are the true welfare queens.
Introducing Maple 2.0.
Maple 2.0 is a fundamental overhaul of the smart contract architecture. The new contracts are modular and robust and will facilitate Maple bringing capital markets on-chain.