Understand what’s happening at FDIC:
— Thomas Massie (@RepThomasMassie) March 13, 2023
They’re taking the insurance premiums that were paid in to protect depositors under $250,000 (little guys) and using it to cover deposits of the very rich.
They argue it benefits everyone to go “all in” on the first few banks.
They’re taking the insurance premiums that were paid in to protect depositors under $250,000 (little guys) and using it to cover deposits of the very rich.
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