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But bank failures cause a run on other banks. If the entire system collapses the FDIC will be unable to make good on its obligations.
by tsotha 15y ago
But bank failures cause a run on other banks. If the entire system collapses the FDIC will be unable to make good on its obligations.
- tomjen3 15y agoThe FDIC is backed by the full faith and credit of the United States and just like no politician will vote to reinstitute the draft, no politician will do anything but prioritize those payments very, very high.
- tsotha 15y agoThere isn't enough money. It isn't like they could just issue a few bonds and cover the shortfall.