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The FDIC just collected a fee from all remaining banks to make SVB depositors whole, so they are evidently willing to reduce profits in order to insure deposits
by altairprime 4y ago
The FDIC just collected a fee from all remaining banks to make SVB depositors whole, so they are evidently willing to reduce profits in order to insure deposits.
- jacooper 4y ago> so they are evidently willing to reduce profits in order to insure deposits. Quite refreshing compared to the American Capitalism hellscape, though kind of expected because its a national corporation.