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Noah Smith
@NoahSmith
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Mar 14, 2023
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Important thread
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Mar 14, 2023
The FDIC's 130bln insurance fund *currently* has enough resources to cover >$1tln of depositors if needed. That's because the FDIC doesn't pay out depositors entirely. It only pays out the incremental amount needed to make a failed bank's depositor
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Bob Elliott
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https://www.upcarta.com/posts/60326
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