The bailout blues

As regional banks' stocks suffer despite government guarantees, Citadel CEO claims government's actions are destroying American capitalism. Universal deposit insurance may not be reckless as banks still have to earn a sustainable spread, but insured depositors won't flee banks for higher interest ra

March 16, 2023 . 12:37 PM

1 min read

Markets take a breath, but banks' stocks continue to suffer despite government guarantees.
Citadel CEO claims government's actions are destroying American capitalism.
Universal deposit insurance not necessarily reckless as banks still have to earn a sustainable spread.
Insured depositors not likely to flee banks for higher interest rates.
Uninsured depositors will not be wiped out in a bank failure as confidence in deposits is too important.