To: PAR35
Covering the deposits simply hides what has really been going on with these troubled banks. The U.S. government will not let the banks fail because the #1 priority is protecting the value of the underlying asset behind the entire banking system: the U.S. dollar.
11 posted on
08/30/2024 7:31:14 AM PDT by
Alberta's Child
(“Ain't it funny how the night moves … when you just don't seem to have as much to lose.”)
To: Alberta's Child
"#1 priority is protecting the value of the underlying asset behind the entire banking system: the U.S. dollar."
If that's the #1 goal, they've failed miserably for the past 100 years or so.
53 posted on
08/30/2024 10:10:29 AM PDT by
citizen
(Put all LBQTwhatever programming on a new subscription service: PERV-TV)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson