Hacker News Reader

HNHacker News

Top New Best Ask Show Jobs

Comment by Avshalom | Hacker News Reader

Parent Full thread

Avshalom·

>>four bank rescues not two - Signature Bank, First Republic, SVB and Credit Suisse.

so when I said two and a half banks with two rescued it was actually two and a half banks with two and a half rescued.

feels to me like even less of a banking crisis.

View on HN

Indeed - Credit Suisse isn't a retail bank (outside Switzerland), they're an investment bank so they're completely different and shouldn't be lumped in with the other 3. Two small crypto institutions and SVB. [edit] Not to mention Credit Suisse was holding $5B dollars of losses from Bill Hwang's Archegos shenanigans.

None of SVB, First Republic or Signature were retail banks either they were commercial banks. Regardless nowhere have I seen it reported that the current sequence of events is somehow a "retail banking crisis". It's amusing that you feel an investment bank somehow shouldn't be included in a discussion about a potential banking crisis. You might want to read up on the 2008 financial crisis and shadow banking. Bear Stearns and AIG weren't banks at all.

I provided numerous points that show how the events of the last two weeks are of significance but it seems you want to cherry pick just one. At any rate, all four of those banks were rescued. The FDIC arranging for a healthy bank to take over an unhealthy bank is a form of rescue. This type of rescue has roots in the 2008 crisis. It's interesting how confident you seem to be in your assertion that all of this is non-issue yet your comments indicate you might not understand very much about banking or the banking system.

Reply on news.ycombinator.com