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That's fine, punish the bank and change the regulations. Depositors had nothing to do with that.
by macintux 4y ago
That's fine, punish the bank and change the regulations. Depositors had nothing to do with that.
- deleted 4y ago[deleted]
- Kephael 4y agoDepositors failed to do their due diligence, the bank offered 'sweet heart' deals to get customers. Depositors should lose their pants and have to wait for the FDIC to liquidate before getting any funds. No one deserves free, unlimited, zero risk access to depositors. If you want to do that, you should buy bonds, short eurodollars as hedge, and get loans against the bonds. None of this is free.