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by anonymousiam
1193 days ago
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As said in the Treasury Dept release yesterday (here: https://home.treasury.gov/news/press-releases/jy1337) "Shareholders and certain unsecured debtholders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law." So this "special assessment" will be paid by all banks with FDIC coverage, and the cost will be passed on to the banking customers (us taxpayers). |
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