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Re:IRS Files $44B Claims Against Bankrupt FTX by e63f67dd-065b on Friday May 19, 2023 @02:23AM (#35998453)
Late reply, but basically:

I pinky swear that my NotAScamBank is FDIC insured, and that it has 20% interest p.a., would you like to deposit money with me?

Obviously the FDIC is gonna take a look and say "hah no, go away", NotAScamBank knows this, and won't even bother applying. It's a scam, why would they be honest about FDIC status?

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