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> It's not the taxpayers > probably the customers Practically every person in the US has a bank account, so...
by reducesuffering 3y ago
> It's not the taxpayers
> probably the customers
Practically every person in the US has a bank account, so...
- kelnos 3y agoI think you'd be surprised how many people in the US are unbanked -- around 6M households (so if we go by the average household size, 15M people) in 2021. Granted, this number has been dropping over time, for better or worse. Also consider that most banks in the US are not being hit with this $16B bill. If you bank at one of the thousands of other banks, you won't be affected by this. And if you do bank at one of these banks, and they choose to increase fees or lower interest rates, you're free to vote with your wallet and move your deposits elsewhere.