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If there were multiple bank failures the treasury would loan the FDIC as much money as needed to cover it.
by JamesBarney 8y ago
If there were multiple bank failures the treasury would loan the FDIC as much money as needed to cover it.
- caprese 8y agounder what provision? pure discretion? has this ever been tested? in 2008-2010 the FDIC got on the phone and brokered sales of smaller banks to large banks, specifically because they needed to do their part to stave off disaster with their thin credit line. Congress didn't ask them to do this, they just got on the phone because they had live capitalization ratio data.