[Toddsterpatriot]

I do see them however using this ploy to “bail in” (like Cypress?) when hedge funds (many of them under their control) either fail or are ordered to fail by their controlling banks ...

So a bank orders a hedge fund to fail, why do we care?

[Neidermeyer]

So a bank orders a hedge fund to fail, why do we care?
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Because with this change in the rules the FDIC is on the hook,, and we are the FDIC.

What could possibly go wrong ,, if they win they win , if they lose WE pay them... surely GS won’t take advantage of us..