Hacker News new | ask | show | jobs
by humanizersequel 1200 days ago
>They can't set the rules individually for each "problematic" bank.

Can't they?

1 comments

In principle, they can do whatever they want, but they already know SVB is not the only problematic bank - there's a whole pipeline of them; inventing individual bailout protocol for each would look ridiculous. My bet is that Fed's PhDs are desperately looking for a formula as we speak. That won't be easy. :-)