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re: Now Bank Bailouts - What is Next
Posted on 3/14/23 at 8:39 am to Sail33or
Posted on 3/14/23 at 8:39 am to Sail33or
This isn’t really a “bailout.” They are not doing anything for the investors and the banks will be closing. They are liquidating assets to allow depositors to reclaim their money.
And FDIC money is not public money, its paid by the fees from banks around the country that are members of the FDIC
And FDIC money is not public money, its paid by the fees from banks around the country that are members of the FDIC
This post was edited on 3/14/23 at 8:57 am
2
Posted on 3/14/23 at 8:45 am to IT_Dawg
quote:
This isn’t really a “bailout.” They are not doing anything for the investors. They are liquidating assets to allow depositors to reclaim their money.
I’m not that knowledgeable in the world of finance, but if they liquidated all the assets I don’t think they have enough money to cover all the deposits. So yes, guaranteeing the deposits above $250,000 is a bailout of the depositors.
Posted on 3/14/23 at 9:06 am to IT_Dawg
quote:
This isn’t really a “bailout.”
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