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A comment on Swedish pension giant loses $1.1 billion from US banks’ collapse. Parent comment

Re:Swedish pension giant loses $1.1 billion from US banks’ c... by jen20 on Monday March 13, 2023 @03:50PM (#35141457)
Clearly based on this weekend, our existing financial framework is that depositors are entirely protected, provided the bank is important enough to some important demographic.

This should be spelled out in law rather than relying on the existing provision being used ad-hoc, though.

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Re:Swedish pension giant loses $1.1 billion from US banks’ c... by twblalock on Monday March 13, 2023 @04:19PM (#35141907)
It's not about the demographic. It's about the consequences to the rest of the banking system. That logic of protecting the system from systemic risk has not changed since the FDIC was founded.
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