Steven Kelly on the Silicon Valley Bank Collapse and Its Implications for Financial Policy
Macro Musings with David Beckworth
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Is There Any Discipline and Mechanism for Uninsured Depositors?
Raises: Silicon Valley Bank had an unusual liability side of the balance sheet. They got burned because they expected rates to stay low, he says. Raises: If you really want uninsured depositors to be monitors, you can't keep rescuing them. "I don't know that it's socially useful to have every small business with a payroll account having to do analysis"
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