Re:America’s banks are missing hundreds of billions of dollars
by wrenky on Wednesday March 22, 2023 @01:34PM
(#35264381)
Yellen just repeated the exact federal reserve policy, like every treasury sec/federal reserve chairman has done since forever. Kinda wild to define that as corruption, but to each their own.
Instead, why don't you look at how many people have lost uninsured deposits since the FDIC was created in 1933? You'll find its extremely low to nonexistent. Thats because while the FDIC has a 250k insurance limit, it does its absolute best to not use it- Usually by coordinating a bank sale or private-public rescue plan.
Instead, why don't you look at how many people have lost uninsured deposits since the FDIC was created in 1933? You'll find its extremely low to nonexistent. Thats because while the FDIC has a 250k insurance limit, it does its absolute best to not use it- Usually by coordinating a bank sale or private-public rescue plan.