alt Hacker NewsAre you talking about SVB? Because FDIC paid out much more than just insurance, it made sure everyone was whole. I think that set a very dangerous precedent.
Are you talking about SVB? Because FDIC paid out much more than just insurance, it made sure everyone was whole. I think that set a very dangerous precedent.
> FDIC paid out much more than just insurance, it made sure everyone was whole
FDIC didn’t pay anything out. The new capital requirements and conservatorship processes worked.
> that set a very dangerous precedent
I don’t like how it happened. But codifying universal deposit insurance in U.S. banks isn’t a bad idea. Maybe one caps it for foreign deposits.