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A comment on FTX Tapped into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall. Parent comment

Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by bombcar on Thursday November 10, 2022 @07:00PM (#33555482)
The FDIC is backstopped by the government itself, but the amounts of insurance it has on hand are why it jumps down bank throats quickly.
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