4 ms·
Read the article. I am not talking about FDIC insurance. I am talking about the bailout that is discussed at towards the end of the article.
by greenthrow 4y ago
Read the article. I am not talking about FDIC insurance. I am talking about the bailout that is discussed at towards the end of the article.
- crazygringo 4y agoThe article is talking about a bailout of depositors, not investors. Not letting the bank fail is a form of bankruptcy in a way. The owners lose most or all of the value of their ownership, but the bank is sold to new owners so it can continue to run.