> bank deposits should be guaranteed by the entire system (not the taxpayer) Whe... | Hacker News

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		psychlops on March 13, 2023 \| parent \| context \| favorite \| on: Joint statement by the Department of the Treasury,... > bank deposits should be guaranteed by the entire system (not the taxpayer) Where do you imagine this money ultimately comes from?

jsutton on March 13, 2023 [–]

The same place that took trillions of dollars in exchange for low-yielding treasury bonds. The same place that effectively devalued said treasury bonds when they decided to rapidly raise interest rates.

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