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The load bearing statements seem to be these: > Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessm
by tgsovlerkhgsel 4y ago
The load bearing statements seem to be these:
> Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.
To me, this one sounds like "we'll cover even the uninsured amounts and make all banks pay for it"?
> Finally, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors.
This one sounds like it may mean "we'll print money so no bank goes bankrupt"?