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They aren't though, that's the point of the deposit insurance. The government has a non-taxpayer funded bucket of money for exactly this purpose, and no money w
by joshuamorton 4y ago
They aren't though, that's the point of the deposit insurance. The government has a non-taxpayer funded bucket of money for exactly this purpose, and no money was created from thin air.
- hartator 4y agoThese are tax payer liabilities at the end of the day. You can view it here: https://twitter.com/jacksage_nft/status/1638494009361420290?s=46&t=nzbXp5JnTst9_ZWUhxLf6w https://twitter.com/jacksage_nft/status/1638494009361420290?...
- joshuamorton 4y agoThat's wholly unrelated to the bailout. The FDIC would have been able to bail out both banks whether or not the fed changed rates.