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?
I feel that this is a very sound theory.
Meanwhile the fed will have the printing machines going at full tilt making money for these account holders while saying “there is no burden on the taxpayers”,…. Except the secondary “burden” of inflation running even more rampant than it currently is.
Todays bailout move is to try and keep a full on bank run from happening across the nation tomorrow morning.
The closed door meeting tomorrow with the federal reserve members will have them lower rates to stave off an economic calamity, but it will not be able to keep the house of cards from caving in on itself.