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ketzo
on March 13, 2023
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Joint statement by the Department of the Treasury,...
Lol. If every depositor at SVB just instantly took the straight-up haircut — to the tune of -20% or worse - 50 more banks would fail in the next week.
Feds are averting national crisis here.
hellojesus
on March 13, 2023
[–]
The crisis needs to happen to correct badly allocated capital.
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Feds are averting national crisis here.