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Message
re: Great Idea To Stop These Bank Runs Going Forward
Posted on 4/30/23 at 9:06 am to Tarps99
Posted on 4/30/23 at 9:06 am to Tarps99
Don't worry Mr. Depositor. We have the FDIC, which keeps a fractioned reserve of .0000000014% of total deposits to protect us from a 100% run. You see, we will get the US Treasury, you know Ms. Yellen, to just print money if we have too.
Just like a newly formed, but growing, insurance company (which the FDIC is not) with just enough reserves to meet requirements getting nailed and losing a lawsuit 3X their reserve capital. Don't worry, by the time we fund the loss our premium income will comfortably afford it.
The Fed has frigged us once again!!
Just like a newly formed, but growing, insurance company (which the FDIC is not) with just enough reserves to meet requirements getting nailed and losing a lawsuit 3X their reserve capital. Don't worry, by the time we fund the loss our premium income will comfortably afford it.
The Fed has frigged us once again!!
This post was edited on 4/30/23 at 9:10 am
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