Nearly half the money — $143 billion — went to holding companies for the two major banks that failed over the past week, Silicon Valley Bank and Signature Bank, triggering widespread alarm in financial markets.
This is of course all within the capitalist framework, but is putting money in a bank account really ever considered a risk or an investment? That makes sense for investment accounts and stuff but as far as I'm aware these were just normal bank accounts
This is of course all within the capitalist framework, but is putting money in a bank account really ever considered a risk or an investment? That makes sense for investment accounts and stuff but as far as I'm aware these were just normal bank accounts
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I guess that tracks, but it feels weird to call something a "risk" when there is no upside (0% interest) and only a downside
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I follow. Thanks for walking me through it.
As a wise man once said, "The kind Vladimir Ilyich would have shot everybody here".
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Isn't that part of what happened with FTX or am I getting my financial entities in crisis mixed up?
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