And how much money was lost in those failures by depositors?
And don't fall back on 'they were bailed out'. They were bailed out by other banks buying their assets + liabilities, and by the insurance payments they were making. They weren't getting a blank check from the treasury. That's the system working.
Who bailed out the crypto losses? Some of the losers got made whole, but many, many, many are realized losses.
And don't fall back on 'they were bailed out'. They were bailed out by other banks buying their assets + liabilities, and by the insurance payments they were making. They weren't getting a blank check from the treasury. That's the system working.
Who bailed out the crypto losses? Some of the losers got made whole, but many, many, many are realized losses.