Biden (etc) will say that it's important to EXCEED the $250K limit for this bank, because of <<insert garbage reason here>>.
Oprah, Harry, and others will be made completely whole, and receive hundreds of millions of FDIC dollars...each.
They will get away with this because the normies do not pay attention until they are personally affected.
And once the 'widespread banking collapse' happens, there will be nothing left in the FDIC coffers.
It will already have been distributed to Oprah, Harry, and other billionaires.
Sound theory?
except for the fact that Janet Yellin' is saying there will be NO bailout....???
FDIC didn't bail out the banks in 08 a special government program that was created did. FDIC has about 200 billion in funds, it would take it all for the FDIC to bailout SVB.
They are totally broke now, that's why no bailout.
It will be bail INS this time around