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boxed
on March 13, 2023
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Joint statement by the Department of the Treasury,...
> That the assets might nominally cover the deposits in 10 years is besides the point, the depositors don't want to wait 10 years
This would be a problem of liquidity though, which was my original statement.
xapata
on March 17, 2023
[–]
Not just liquidity. A dollar 10 years from now is worth less than a dollar today. That means it's a solvency issue as well.
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This would be a problem of liquidity though, which was my original statement.