The Economy

Ro Kanna wants the FDIC to make all depositors full.

Transcript: Rep. Ro Khanna on "Face the Nation," March 12, 2023 - CBS News

 

Privatize profit.

Socialize loss?

 

also, don't taze me bro

 

also also

 

Agreed, the Fed is likely to do a quick about-face now that the banks are showing distress. A lot of the municipalities I invested in have already loaded up on low-interest notes -- which does pose a risk on return for me, because paper I expected to be called in 2025 will likely carry through to maturity in 2030. I have a couple hospital bonds with a 5% coupon that have a 2022 call date -- they still haven't been called. I never expected that to happen.

Regardless, it's not the debtors taking a hit right now -- it's the lenders.

 

Deposit giant

A deposit guarantee is not the same as a bank bailout.

In regards to Altman's tweet: How do you temporarily fully guarantee deposits?

 

What if the deposit exceeds the FDIC maximum of $250000?

(Hence my question mark.)

 

also also also

 

That money is the depositors. A bailout takes care of the bank, which lost the money, and its investors.

 

Tech bro group chats must be the worst.