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The Fed's Playbook for Fighting Bank Panics, Now vs. The Great Depression | Dr. Jane Knodell
Forward Guidance
The FDIC Declares a Systemic Risk Exception for Signature Bank
With Silicon Valley bank, DFJC could not arrange a deal fast enough. So they did instantly declare on that Sunday that all uninsured depositors would be taken care of. That's kind of a pattern I see often with these crises, is that there's a sacrificial land. There's somebody that goes down first, the authorities let it go and then they put in place new lender of last resort programs to help everybody else.
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