FDIC is funded by the banks themselves, not the public, so in the case of depositors, aren’t we looking at something very different than a taxpayer funded bail out of the shareholders and executive management?
genuine question
Had to say something about this on Twitter and I'll just leave it there for people to get super pissed & argue about it. But maybe it'll make just ONE person think twice about it. And that'll be worth it.
h/t #[0] for the inspiration and getting me riled up about it 😂
https://twitter.com/TheGuySwann/status/1634954336739491843?s=20
Discussion
Not talking about FDIC. We should *actually* have a fully funded FDIC. But we should not be printing money, issuing new credit, or bailing out in any other context or anything over the $250k
thanks for answering
