A Boring Dystopia

10494 readers

47 users here now

Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

Rules (Subject to Change)

--Be a Decent Human Being

--Posting news articles: include the source name and exact title from article in your post title

--If a picture is just a screenshot of an article, link the article

--If a video's content isn't clear from title, write a short summary so people know what it's about.

--Posts must have something to do with the topic

--Zero tolerance for Racism/Sexism/Ableism/etc.

--No NSFW content

--Abide by the rules of lemmy.world

founded 2 years ago

MODERATORS

[email protected]

104

lol (sh.itjust.works)

submitted 5 days ago by baggachipz to c/[email protected]

5 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 4 points 5 days ago

I can't remember off the top of my head what the specific series of events was with regards to the almost-losses by SVB going bust.

But one interesting thing that came out of that is banks immediately had the requirements for how much cash they were required to keep liquid increased significantly. The bank I worked at at the time immediately shifted into hard costsaving mode, and ultimately I lost my job with pretty short notice.

Banks have rules for how much of deposits they can invest vs keeping available to withdraw, as well as requirements for how much they must hold in assets compared to the value of their deposits. There's also strict cybersecurity and workforce training requirements as well for banks, all enforced as requirements to receive FDIC insurance