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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment
Because if you tell someone "hey, we're gonna wipe your shit out" they're going to try to rescue as much money as they can.
> The big question then is how this levy on the rest of the banking system will work.
https://www.fdic.gov/news/financial-institution-letters/2009... Here's how it worked in 2009.
> why didn't someone think of this earlier
Like in 2009, the last time they did it?
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Because if you tell someone "hey, we're gonna wipe your shit out" they're going to try to rescue as much money as they can.
> The big question then is how this levy on the rest of the banking system will work.
https://www.fdic.gov/news/financial-institution-letters/2009... Here's how it worked in 2009.
> why didn't someone think of this earlier
Like in 2009, the last time they did it?