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by Ozzie_osman
1199 days ago
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> Until this event the whole idea of the FDIC insurance fund was to ensure that people (not corporations) with relatively small nest eggs wouldn’t lose the whole thing and therefore starve if their bank made bad bets. Nope. "The mission of the Federal Deposit Insurance Corporation (FDIC) is to maintain stability and public confidence in the nation's financial system." https://www.fdic.gov/about/what-we-do/ |
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