To: usconservative
No, it is not taxpayer money.
It is insurance created by the member banks of the FDIC to cover deposits.
It is fully privately owned.
53 posted on
03/12/2023 8:45:32 PM PDT by
ConservativeMind
(Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
To: ConservativeMind
I suspect they are still expecting a large number of bank withdrawals tomorrow.
“The Fed said it would make additional funding available to banks to ensure they have “the ability to meet the needs of all depositors.””
54 posted on
03/12/2023 8:46:27 PM PDT by
CFW
(old and retired)
To: ConservativeMind
It is insurance created by the member banks of the FDIC to cover deposits. Where did that money come from? Depositors. Who are depositors?
55 posted on
03/12/2023 8:47:47 PM PDT by
usconservative
(When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson