Post ATcPz2HO449MLZSTaa by Kadin2048@mefi.social
 (DIR) More posts by Kadin2048@mefi.social
 (DIR) Post #ATc9eJ8Wb3w5HRPIye by DarcMoughty@infosec.exchange
       2023-03-14T18:20:49Z
       
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       @kairyssdal @zachary Uhh, people aren't running to the banks to take their money out. Why on earth would anyone even say that?
       
 (DIR) Post #ATc9zaTjJZcn9ATMeW by markwoll@universeodon.com
       2023-03-14T18:24:40Z
       
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       @kairyssdal @zachary  Perhaps they are just setting up for the "Reset". With all of the layoffs and firings going on a lot of the techbros might be getting ready to flee to their bunkers.Nah.
       
 (DIR) Post #ATcCB1KW1QbXWDk4aO by avirr@sfba.social
       2023-03-14T18:49:08Z
       
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       @kairyssdal @zachary I’m moving money out of citi to a credit union.
       
 (DIR) Post #ATcCLtdcxaN4qfrqwy by jimgon@mastodon.social
       2023-03-14T18:51:06Z
       
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       @kairyssdal Imagine for a moment a cascading failure with the US Government on tag to make every  depositor whole. The US has about $18 trillion in total bank deposits.
       
 (DIR) Post #ATcCe2BrtxccaMX4N6 by grandmaBates@mastodon.social
       2023-03-14T18:54:16Z
       
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       @kairyssdal @zachary Is this the same Blaine  Luetkemeyer that sought to lower the Bank Leverage Ratio in 2020 by taking advantage of the COVID crisis to facilitate the process to do so?https://theintercept.com/2020/05/08/coronavirus-republicans-bank-deregulation-loans/
       
 (DIR) Post #ATcFI9dfpMfdB6nRr6 by femme_mal@mstdn.social
       2023-03-14T19:24:00Z
       
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       @kairyssdal @zachary @RepBlaine = GOP Rep. Blaine Luetkemeyer (MO-03)Is this Rep. Luetkemeyer, voting in favor of rolling back Dodd-Frank protections? https://clerk.house.gov/evs/2018/roll216.xml
       
 (DIR) Post #ATcHxULhvqGRBuELY0 by video_manager@mstdn.social
       2023-03-14T19:53:56Z
       
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       @kairyssdal @zachary Made up BS.  Classic GOP.
       
 (DIR) Post #ATcIq2YkxEE8vkLWQS by ejrfoto@mas.to
       2023-03-14T20:03:48Z
       
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       @kairyssdal @zachary in the economic foxhole, no one is a libertarian or small government enthusiast.
       
 (DIR) Post #ATcO72IRgXdUoAdljs by darren@c.im
       2023-03-14T21:02:53Z
       
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       @kairyssdal @zachary insure every dollar in every FDIC insured account.  Why the hell not.
       
 (DIR) Post #ATcPz2HO449MLZSTaa by Kadin2048@mefi.social
       2023-03-14T21:23:51Z
       
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       @kairyssdal @zachary I'm not sure he's *wrong*, in the sense that FDIC insurance should probably just cover all deposits in all regulated (i.e. demand deposit) accounts in US banks regardless of amount (since if you have more than $250k it's easy to get products that split it across multiple insured accts on the back end but *appear* as a single account, and the banks make $ from this service—why let them?).But the timing seems pretty suspect. I don't see anyone running to the bank.(Also we should eliminate the de facto Treasury backing of uninsured money market accounts and let them "break the buck" if market conditions dictate. That's unlikely to be quite as popular with his donors, I suspect.)