AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
In Brief: When Should Banks Be Saved? (with Sheila Bair)
Stay Tuned with Preet
Is This a Safe Resilient Banking System?
I think the banking system is basically sound. I think regional banks and mid-sides banks are basically sound. But you create this systemic risk exception as a rationale to bail out very rich uninsured depositors. I think you set off alarm bills for people and I don't think that's right. If it had been clear to them with absolute certainty that it would be a 10% haircut, it might have been different. There were a lot of analysts over the weekend disseminating analysis saying the haircut would probably be around 10%. They're actually private sector participants setting up markets to go ahead and buy the uninsured claims in order to monetize the uninsured claims. Well, you know, just look
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode