Wednesday, March 15, 2023

Question

All this news about the bank failure and what we could've done to prevent it - ie more regulation, less pumping $ into the system, etc. Is it possible that we did things basically right and a bank can fail? I guess I don't see the problem with it. Of course 250K and below depositors get their money back. The bigger depositors, in my opinion, should need to sweat a little. Shareholders should get wiped out. Each of these groups were taking on risk. 

Maybe a bank run every once in awhile is a good thing. It'll make people appreciate the institutions that function and how we should protect them and be careful.

Really, I just don't mind a little chaos in these systems so I can buy some distressed assets. 

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