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shbtc t1_je7tq8z wrote

Reply to comment by PussyBreath007 in $FRC - Puzzle Pieces by PussyBreath007

I thought fed said they’d continue to insure over 250k at banks whose failures might hurt the economy (too big to fail). I’ll bet the big banks with all their political control are sure their money falls in that category. If nothing else, their massive deposits brought FRC into that category.

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PussyBreath007 OP t1_je7ubx0 wrote

That’s an awful lot of speculation and the Fed has received increasing backlash from bailing out SVB

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shbtc t1_je7uir4 wrote

And has yet to rescind the new policy

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PussyBreath007 OP t1_je7vmuu wrote

It’s been opaque at best. Powell and Yellen literally were saying opposite things last week

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shbtc t1_je7wz84 wrote

I had only seen Yellen say “only the big bois “. Thanks for pointing that out. I still think you underestimate the power of these banks. Fed meets at banks’ offices when it hits the fan. Not the other way around.

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