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> Yellen has just broadcast that FDIC insurance is essentially unlimited, as long as you can threaten wider disruption to the economy.

yup. it doesn't matter how big you fuck up if you are too big a risk to US economy. the US govrt (American tax payers) will bail you out.




The bank shareholders are not getting made whole, and the bank management have lost their jobs.

The only people being bailed out are the depositors, who were not being irresponsibly risky.




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