undefined | Better HN

0 pointsjacooper3y ago0 comments

> For all practical purposes, trillions of dollars in deposits became insured by US tax payers this week.

By the FDIC, not the tax payer.

0 comments

TMWNN3y ago

Said insurance is paid for by bank customers. The union of bank customers and taxpayers is 1.

j / k navigate · click thread line to collapse

0 pointsjacooper3y ago0 comments

> For all practical purposes, trillions of dollars in deposits became insured by US tax payers this week.

By the FDIC, not the tax payer.

TMWNN3y ago

Said insurance is paid for by bank customers. The union of bank customers and taxpayers is 1.

j / k navigate · click thread line to collapse