Rather than prop up a bank that support x number of businesses that support y number employees, you'd had the government prop up xy employees? For how long? And if another z number of banks fail? Support xyz employees?
This! Exactly this, because the government is also doing a backstop for a second bank, Signature Bank of New York. Silicon Valley Bank is the 2nd largest bank failure in U.S. history, and one day later, Signature Bank was also closed and its uninsured deposits guaranteed by the FDIC.
feraloink|3 years ago
When does it stop?
First Republic Bank isn't looking too good.
You are correct.
geocar|3 years ago
I live in a socialist European country, but I'm originally from the USA, and I wish it was better there.
ameister14|3 years ago