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I wasn't trying to be critical of the FDIC, they're obviously really excellent at their job and it's a testament to just how down pat they have their play book
by neom 4y ago
I wasn't trying to be critical of the FDIC, they're obviously really excellent at their job and it's a testament to just how down pat they have their play book given they did managed to get so much sorted out by Sunday. My only point was they managed to prevent bank runs of failing banks in the past, they have deep insight into the banking system. I'm curious what happened this time. Maybe as you said, it's related to the size of the bank, I don't know.