Oprah had to be physically restrained
- Thread starter Addict2sex
- Start date
Why aren't Americans smart enough to realize their banking system is worse than storing cash in your mattress? Come to Canada dummies. Our banks are government backed.
You don't understand. Bank regulations is socialism.
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1) USA > FDIC-insured bank—FDIC insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.
2) CANADA > CDIC insured bank - CDIC insurance amount is $100,000 per depositor, per insured bank, for each account ownership category.
So, when it comes to federal regulation regarding insurance on depositor accounts, the Americans have us beat, by quite a margin.
Time for our CDIC to up the insurable amount substantially.
I bet over 90 percent of deposits will be recovered. They held actual assets that have value but do not mature for awhile. It will be worked out over time. One of the giant banks may swoop in and buy up the biz.
Yes they are.
Plus, there are I believe 5000-6000 less regulated, compared to Canadian regulations, America Banks plus thousands of less regulated quasi-bank, financial institutions that are not classified as banks.
Whereas in Canada there a few dozen federally regulated banks plus a few dozen less regulated quasi-bank, financial institutions.
The banking and financial systems of both countries started, grew, were regulated throughout the decades and centuries on different footings, models and regulatory regimes. Individual American states were given much greater authority and regulation over their banking and financial systems whereas the Canadian system stressed federal authority and regulation. The proliferation of city, county, state and regional banks and quasi-bank, financial institutions in the states compared to the Canadian bank and quasi-bank financial institutions attests to the very different history, growth, models and regulatory regimes of both countries.
The above in addition to a regime of less regulation/more enterprise and risk taking has led to the American system being much more prone to risk taking and the consequence thereof than the Canadian model.
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In the us FDIC covers up to $250,000 doesn't it?
You shouldn't have to bailout SVB to prevent a bank run.
The problem is that some of the SVB invested people seem to be threatening a bank run if they don't get what they want, and people are starting to think that social-media inspired bank runs are possible and not easily preventable by banks. Which, if that is the case, then anyone who has enough social media influence can take down a bank with an engineered bank run as a form of terrorism/extortion.
I'm not sure I believe that yet, but I think it is a threat that needs to be considered.
U.S. government will not bail out Silicon Valley Bank, Yellen says
American banking system 'resilient,' Yellen says, amid fears some workers will not receive paycheques
The Associated Press · Posted: Mar 12, 2023 11:56 AM EDT | Last Updated: 2 hours ago
American banking system 'resilient,' Yellen says, amid fears some workers will not receive paycheques
The Associated Press · Posted: Mar 12, 2023 11:56 AM EDT | Last Updated: 2 hours ago
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Like who…like some mainstream media who lied about Hunter laptop! Or maybe CNN known as fake new?
At least this not smalll unknown media … have not lied yet!
