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Ahh okay. So the FDIC is doing that big government thing of acting collectively in everyone's interest, I suppose? Instead of everyone getting their piece of
by Waterluvian 4y ago
Ahh okay. So the FDIC is doing that big government thing of acting collectively in everyone's interest, I suppose?
Instead of everyone getting their piece of the frozen pie, starving as it thaws (possibly having to sell it at a steep loss of degrees to the radian), the FDIC just says, "I'll hold on to the whole pie and hand out slices from my backup pie stash. Then once it thaws, I'll add it to my backup pie stash."
- nerdponx 4y agoI think they are also rebuilding the backup pie stash by charging everyone a slightly bigger slice of pie than before.