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by AnimalMuppet
1190 days ago
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"Historically" meaning "before the FDIC"; that is, before 1933. Post FDIC, bank runs were historically handled by the FDIC either merging the bank with a solvent one, or taking it over. Depositors below a certain amount lost exactly $0, amounts above that were at risk. That amount was currently at $250,000. What's new is that depositors above the threshold have been made whole. |
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