<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>ceejayoz</author><text>&amp;gt; This is quite funny right, people get scared of FR so they pull their money at and run to daddy (JPM) who then proceeds to take that money and... put $5Bn uninsured into FR.&lt;p&gt;A $5B loss won&amp;#x27;t collapse JPM, so this works OK. (And it wouldn&amp;#x27;t be anywhere near $5B, either; they&amp;#x27;d get a significant portion back even in the event of a FRB collapse.)&lt;p&gt;&amp;gt; is that not only is this a level of co-ordination any normal industry would be barred from doing&lt;p&gt;This seems the &lt;i&gt;opposite&lt;/i&gt; of anti-competitive behavior that gets cartels&amp;#x2F;conspiracies in trouble.</text><parent_chain><item><author>SilverBirch</author><text>This is quite funny right, people get scared of FR so they pull their money at and run to daddy (JPM) who then proceeds to take that money and... put $5Bn uninsured into FR. What I really don&amp;#x27;t understand though, is that not only is this a level of co-ordination any normal industry would be barred from doing, haven&amp;#x27;t we essentially moved to a point where any reasonably large bank is now being gauranteed because we&amp;#x27;re so scared of contagion? Doesn&amp;#x27;t this basically make Banking a utility? There&amp;#x27;s massively limited downside to running a bank now. Given that there&amp;#x27;s now a capped downside to banking, wouldn&amp;#x27;t it be logical at this point to cap upside? 100% taxation over some level of profits - since the obvious answer to a capped downside is to up your risk to increase profit?</text></item></parent_chain></comment><story><title>Big Banks Agree to Historic $30B Deposit Injection in First Republic</title><url>https://www.citigroup.com/global/news/press-release/2023/bank-of-america-citigroup-jpmorgan-chase-wells-fargo-goldman-sachs-morgan-stanley-bny-mellon-pnc-bank-state-street-truist-and-u-s-bank-to-make-uninsured-deposits-totaling-30-billion-into-first-republic-bank</url></story>
<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>Aaronontheweb</author><text>That $5b is definitely &amp;quot;insured&amp;quot; - the FDIC has all but nationalized US Bank deposits so long as there&amp;#x27;s widespread liquidity issues under its &amp;quot;systemic risk exception.&amp;quot;</text><parent_chain><item><author>SilverBirch</author><text>This is quite funny right, people get scared of FR so they pull their money at and run to daddy (JPM) who then proceeds to take that money and... put $5Bn uninsured into FR. What I really don&amp;#x27;t understand though, is that not only is this a level of co-ordination any normal industry would be barred from doing, haven&amp;#x27;t we essentially moved to a point where any reasonably large bank is now being gauranteed because we&amp;#x27;re so scared of contagion? Doesn&amp;#x27;t this basically make Banking a utility? There&amp;#x27;s massively limited downside to running a bank now. Given that there&amp;#x27;s now a capped downside to banking, wouldn&amp;#x27;t it be logical at this point to cap upside? 100% taxation over some level of profits - since the obvious answer to a capped downside is to up your risk to increase profit?</text></item></parent_chain></comment><story><title>Big Banks Agree to Historic $30B Deposit Injection in First Republic</title><url>https://www.citigroup.com/global/news/press-release/2023/bank-of-america-citigroup-jpmorgan-chase-wells-fargo-goldman-sachs-morgan-stanley-bny-mellon-pnc-bank-state-street-truist-and-u-s-bank-to-make-uninsured-deposits-totaling-30-billion-into-first-republic-bank</url></story>