Ok. Lets say next week a larger bank, is shown to have made some other risky bet... | Hacker News

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		belter on March 12, 2023 \| parent \| context \| favorite \| on: Joint statement by the Department of the Treasury,... Ok. Lets say next week a larger bank, is shown to have made some other risky bets...Are you still in to make all depositors whole? Let's say JP Morgan or Goldman Sachs?

jnwatson on March 12, 2023 [–]

Large banks have different rules and are scrutinized more carefully.

belter on March 12, 2023 | [–]

But would still love to know, what the course of action in that case should be...

blackoil on March 13, 2023 | | [–]

That will break the economy, so Congress and Fed will have to jump in to provide the liquidity required. Like in 2008

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