Federal Reserve lent $300 billion in emergency funds to banks in the past week
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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.

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  • CanYouFeelItMrKrabs [any, he/him]
    ·
    2 years ago

    They seem very similar worldviews? Wouldn't the capitalist losses refer to shareholders?

    Though the depositors are also capitalists, their risky behavior was keeping money in a bank