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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 Dem_Boys on Monday March 13, 2023 @09:01AM (#35135119)
The FDIC's actions indicate that the insured deposit limit is really unlimited instead of the advertised $250,000.

This takes away a huge risk associated with recklessly handling depositors money because now the FDIC will swoop in and make ALL depositors whole.

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