2 ms·
This is absolutely true - the deposit guarantee schemes are not a bottomless pit of money, and are nowhere near able to absorb the losses of a widespread series
by caf 14y ago
This is absolutely true - the deposit guarantee schemes are not a bottomless pit of money, and are nowhere near able to absorb the losses of a widespread series of cascading bank failures.
It seems extremely unwise to publicise this fact, however - which is what this measure does.