Put another way, “We expect taxpayers to only socialize fiat and trad-if losses, like LTCM, or 2008 GFC, etc.”

Pretty rich considering the value of the USD token has dropped 97% since 1913.

https://news.bitcoin.com/fed-governor-warns-crypto-prices-could-fall-to-zero-says-dont-expect-taxpayers-to-socialize-your-losses/