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You are referring to SVB. They absolutely did not.
by nonethewiser 3y ago
You are referring to SVB. They absolutely did not.
- JumpCrisscross 3y ago> You are referring to SVB. They absolutely did not. They absolutely did [1]. [1] https://www.fdic.gov/news/press-releases/2023/pr23019.html https://www.fdic.gov/news/press-releases/2023/pr23019.html
- nonethewiser 3y agoThat article doesn't support the claim that there is some precedent for unlimited FDIC insured deposits. It even specifically cites the process by which an exception was created. Can you elaborate on why you now think there is a precedent that all deposits for future bank failures are insured?