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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 pclmulqdq on Sunday March 12, 2023 @09:53PM (#35129705)
If you're depositing $10 million, you should be willing to spend $100k reading a few balance sheets. That's why the limit is $250k.
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Re:Joint Statement by the Department of the Treasury, Federa... by danielmarkbruce on Sunday March 12, 2023 @10:25PM (#35130073)
The CFO at any reasonable company can read the balance sheets of a few banks in a few hours and will need to do it 4 times per year. It's days of work, not more. And if the company is big enough, this job will be in the treasury team and again, it's certainly less than $100k worth of work.
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