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Powell is already the most powerful man in the world and is about to get even more powerful the FDIC fund is around $100 billion...the amount of deposits it is
by 0zemp2c 3y ago
Powell is already the most powerful man in the world and is about to get even more powerful
the FDIC fund is around $100 billion...the amount of deposits it is expected to cover is $14 trillion
the Fed will end up taking over the FDIC; the Fed's printing press is the only real backstop for even 10% of what Americans think the FDIC will "insure"
I hope Jerome Powell will be a benevolent dictator....