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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 RhodesianHunter on Monday March 13, 2023 @12:35AM (#35131121)
Their point is that the value of equity is insignificant to the upper class, as compared to the value of the uninsured deposits.

IE the equity isn't enough to leverage political capital. The deposits are.

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