Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set...
by UncleEntity on Thursday November 10, 2022 @06:37PM
(#33555245)
> Right, but the FDIC explicitly says large amounts may take longer in the status quo.
Right, you can’t ramp up the printing presses instantly — which is literally what they would do if they had to.
I think people are missing the point that if it ever got so bad the FDIC had to worry about covering everyone your biggest worry would be the roving gangs looking for the Mormon food caches.
Right, you can’t ramp up the printing presses instantly — which is literally what they would do if they had to.
I think people are missing the point that if it ever got so bad the FDIC had to worry about covering everyone your biggest worry would be the roving gangs looking for the Mormon food caches.