@Zigmanfreud This seems like complete manufactured outrage. I keep hearing about the people that are mad but havent actually seen it. Not a single mainstream reporter would dare write the things they are being accused of.
@DavidSacks But how do you propose to guarantee all deposits, forever? You're just discouraging people from depositing wisely and/or banks operating prudently. A deposit is a loan to the bank, plain and simple. Guarantees confuse that fact.
@Anesthesia78611 @RichardHanania Agree. But it happened over a LONG time. They had a year to address their balance sheet. Seemed they resorted to wishful thinking.
@KyleBumpus@RichardHanania Id say so. Their balance sheet was pretty simple: long term debt funded by cash deposits. Its not like rates just suddenly moved against them. They’ve clearly just been sitting on their liabilities for a year hoping their deposits didnt disappear.
@bennyjohnson Is it just me, or is there great irony in her notion that being a rebel or "troublemaker" is engaging in activities that is celebrated (like someone landed on the moon) by every normie institution?