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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 fwlr on Sunday March 12, 2023 @10:51PM (#35130345)
“Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.”

I don’t think they have a choice. Congress decided for them.

[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by paulddraper on Monday March 13, 2023 @01:34AM (#35131521)
The losses to the fund have to be recovered via special assessment.

The magnitude of losses to the fund is discretionary.

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Re:Joint Statement by the Department of the Treasury, Federa... by fwlr on Monday March 13, 2023 @06:33PM (#35144031)
I don’t think the accounting of losses to the fund is actually discretionary, if they lose money they have to report it, they can’t just re-define the fund as marginally smaller than it was before. I don’t think I understand what you mean.
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