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What company is big enough to insure a $230 billion payout if just one bank fails, let alone more than one?
by HWR_14 4y ago
What company is big enough to insure a $230 billion payout if just one bank fails, let alone more than one?
- selectodude 4y agoI could see the re-insurance market being able to float it but it would probably work under an excess balance fee >$250,000.
- ivalm 4y agoBut you don’t need to payout $230B, assets didn’t go to 0. You need to payout like $30B, or whatever the difference between assets and liabilities.
- HWR_14 4y agoEven $30B (as a single claim) would be difficult to handle. Again, name a company you would trust to hand over that much money then and not topple over.