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The banks put money into an insurance pool, which is what the FDIC uses. It’s not government money. It’s not taxpayer money. It’s the banks paying for their own shortcomings. Sounds fair to me.
The banks put money into an insurance pool, which is what the FDIC uses. It’s not government money. It’s not taxpayer money. It’s the banks paying for their own shortcomings. Sounds fair to me.