15 () posted 205 days ago by BuckeyePatr1ot 205 days ago by BuckeyePatr1ot +17 / -2 21 comments share 21 comments share save hide report block hide replies
We just had some big failures, such as Silicon Valley and FTX. The FDIC is working, somewhat, as intended.
There will be more, for a lot of banks are underwater in US Treasuries. There are stories on this at Zerohedge, if anyone wants to research it.
Seems to me the FDIC should be attempting to prevent major banks collapsing, rather than picking up the pieces.
What are they going to do, bail them out harder?
The FDIC does do that, prevent collapses that is, but I'm not sure how often.
The FDIC is funded by the same kid fuckers who fund the banks themselves. Bank collapses are consolidations towards a single, global digital exchange system. IMHO.