The fix is also in for the Silicon Valley Bank failure.
The FDIC will bail out EVERY SVB depositor, no matter how far above the former maximum of $250,000.
95% of the political contributions from SVB employees went to Democrats in 2022.
At least one of the Republicans who voted for Impeachment also received a donation.
Silicon Valley and Big Tech are a perpetual gold mine for the Democratic Party.
Billions of dollars of FDIC guaranteed deposits will be kicked back to the Democrats in future years.
If the FED does it for one bank it has to cover all the others too.
Zimbabwe is going to look like a pinch-penny.