Replying to Avatar bigmarh

Then why intervene selectively. If they are meant to kill banks. Why not allow the market to work itself out?

Maybe there should be way more banks, smaller more local banks so that you don't keep having these single points of failure.
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⚡️🌱🌙 2y ago

I’m not sure what you mean?

They haven’t intervened in SVB or Sovereign bankruptcies.

They’re merely providing a means of overnight UST liquidity without going to the bond market.

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bigmarh 2y ago

Again, it's the institutions they bank that triggered the response.

I don't mind them dying, but let them all die or save all depositors. This feels selective due to who was depositing there.

See my earlier comment about farmers and coal miners...

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That's not the point. The point is there should be far more banks. It shouldn't be so hard to get chartered. Free the market and will have less of the single points of failure and the good banks will rise to the top.