The FDIC's 130bln insurance fund *currently* has enough resources to cover >$1tln of depositors if needed. That's because the FDIC doesn't pay out depositors entirely. It only pays out the incremental amount needed to make a failed bank's depositor

Noah Smith @NoahSmith · Mar 14, 2023

Important thread

Tweet Mar 14, 2023

by Bob Elliott

Recommended by 1 person

1 mention