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seurimas
1175 days ago
Point in fact, those were the rules. The DIF protected them past 250k. This was not an exceptional measure. Everything worked as intended.
1 comments
riffraff
1175 days ago
the FDIC itself called this a "systemic risk exception", but SVB and Signature were not considered systemic before this, and thus had not behaved the same as the systemically important banks.
I am not sure we can say anything worked as intended.
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I am not sure we can say anything worked as intended.