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Started By
Message
re: Instead of trillions of dollars of “stimulus” why not just press pause
Posted on 4/10/20 at 10:30 pm to Golfer
Posted on 4/10/20 at 10:30 pm to Golfer
Banks are federally insured for 95%+ of account holders. Any banks with cash flow issues to cover depositors cash balances will be backstopped. This would be an appropriate use of federal funds...what else you got?
3
Posted on 4/10/20 at 10:34 pm to Hiyoka
That’s not how the FDIC works...
Posted on 4/10/20 at 10:48 pm to Hiyoka
quote:
Banks are federally insured for 95%+ of account holders. Any banks with cash flow issues to cover depositors cash balances will be backstopped.
That's not how it works
Posted on 4/10/20 at 11:00 pm to Hiyoka
quote:
Banks are federally insured for 95%+ of account holders. Any banks with cash flow issues to cover depositors cash balances will be backstopped. This would be an appropriate use of federal funds...what else you got?
Woof.
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