re: Interesting snippet of a conversation at the FDIC meeting, "There will be bail ins"

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derivative and credit default swap market exceeded the entire global money supply

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Oh this is certainly still true, especially when dollars are created by “credit” in the first place

Ponzi gunna ponzi

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When converting deposits to equity, depositors (>250k) would receive shares of stock. They may not want stock and the market value may be low at first, but if the institution recovers depositors could do ok.

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Cool. Depositors should decide whether that is to their benefit, however.