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I'm not arguing about FDIC insurance. Anyone who deposited beyond what was insured knew the risk they were taking.
by greenthrow 4y ago
I'm not arguing about FDIC insurance. Anyone who deposited beyond what was insured knew the risk they were taking.
- bagels 4y agoEveryone's evaluation of the risk will dramatically rise if the depositors are not bailed, increasing the probability that this happens at the next bank, and so on.
- hedora 4y agoIn the past, the FDIC has always made depositors whole. If that changes, then many, many people will start moving money around to compensate.