my comments may not add much value.
The less you know, the more questions you will likely have and the more other people (including myself) can learn from this community.
I will get you added today! Thank you!
It warms my heart you are stopped by and I am glad you are here.
This is interesting I am going to look into this!
I don't know about the bank liquidity situation. The Robin Williams video is funny.
"I just ran into some bad sub prime" 😂
Polymarket predicts 71% chance of a bank failure / bailout by end of Jan.
I would assume if a bank fails it will just get bailed out anyways 😅
Happen all the time lol
It depends on each country's legislation. In Argentina, they can easily go bankrupt. The country's Central Bank only guarantees deposits up to a certain amount.
It depends heavily on the country's policies and the conditions of its financial system.
If only a very large, systemically important bank is affected, they might look for a way to rescue it, but if the financial system is broken, there's no bailout; another solution is sought.
In Argentina, during the 2001 crisis, the financial system collapsed, and the solution was for the government to seize everyone's deposits and exchange them for government bonds. Many people took legal action because of this.
But the banks continued operating as if nothing had happened.