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The money that they lose is going to be assessed on all FDIC banks. It doesn't come out of general government funds. So it'll probably be paid for by increasing
by freeone3000 4y ago
The money that they lose is going to be assessed on all FDIC banks. It doesn't come out of general government funds. So it'll probably be paid for by increasing bank fees on customers.
- mattmanser 4y agoAccording to the news reports the Fed are guaranteeing the loans, not the FDIC. I think you're talking about the stuff that they were originally saying over the weekend.
- freeone3000 4y agoI think the press release is more accurate than the news reports, which are mostly quoting the press release badly.