“He is asking if Oklahoma community banks will get the same special assessment to be made whole.”
“1:40 a bank only gets that treatment if a 1:44 majority of the FDIC board a super 1:48 majority is super majority of the FED 1:51 board and I in consultation with the 1:55 president determine that the failure to 1:59 protect uninsured depositors would 2:02 create systemic risk and significant 2:06 economic and financial consequence”
Translated to vernacular English, I think that means “No, Oklahoma banks won’t get special treatment, because they’re not special to us.”
“Translated to vernacular English, I think that means “No, Oklahoma banks won’t get special treatment, because they’re not special to us.””
Or even more precisely, if a bunch of the directors and depositors are not Obama/Biden megadonors.