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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 11:00 pm to Hiyoka
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.
1
Posted on 4/10/20 at 11:13 pm to Jcorye1
quote:
Woof
OP doesn’t realize there’s around $10T in US deposit accounts that would need to be insured by the FDIC which has $125B in coverage
It also would mean the FDIC would take over every bank in the US in a matter of months.
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