Regulatory Rollbacks and The Bank Panic of 2023
Lever Time
Is the Government Bailing Out Rich People Again?
David Frum: I don't know what regulators were looking at when they decided on Sunday night that they were going to guarantee all the deposits. Some of these guys are like the, you know, run 100, 200 million dollar companies clearly didn't care at all. Or maybe they did care. He says some depositors might have kind of felt like they had to make a deal with the devil just in order to be part of this particular sector. Frum: The question is how do we identify them and then distinguish them from others who are more innocent?
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