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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 zx8080 on Sunday March 12, 2023 @08:08PM (#35128594)
If this leads to bailout then does it mean that taxpayers are effectively responsible for the CEOs decisions?

If they are not, then it's 250k left from every account and all else is lost. And someone could be sued for that. Who should it be if not CEOs?

[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by Tempest1981 on Sunday March 12, 2023 @08:22PM (#35128775)
The $250k coverage (per depositor) is also funded by taxpayers, right?
[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by greenyoda on Sunday March 12, 2023 @10:30PM (#35130127)
No, the FDIC is an insurance pool funded by its member banks.
[ Parent | on HN ]