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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by luckylion on Sunday March 12, 2023 @07:06PM (#35127762)
Not the taxpayers, all the other banks which are funding FDIC have to pay:

> Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.

So even those that were not insured will now be retroactively insured, and the better-run banks will have to pay for it, won't they?

[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by astrange on Sunday March 12, 2023 @07:26PM (#35128053)
There aren't any losses to the deposit insurance fund yet. If this increases confidence then it will instead reduce how much is taken from it.
[ Parent | on HN ]