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I saw a post on Zerohedge by a commenter who has been there for a long time so I tend to trust what he says. His post said that the Fed now guarantees all deposits at 100 cents on the dollar. Basically insuring all deposits at 100% for everyone. Is this true or do you have any indication about this?
No, the FDIC only protects up to $250k BUT with SVB, Biden is saying all deposits will be protected but this won’t be the case if your local bank goes under. Why? Because the investors and depositors of SVB are the anti MAGA crowd. They hate the deplorables. These are the venture capitalists who contribute large sums to the Dems. These are the tech titans who want to cancel us. Now the want us to bail them out. So naturally Biden is only happy to oblige. We weren’t invited to the party but they want us to pick up the tab.
These people did nothing to help East Palestine,OH but they want those people’s tax dollars to bail out their excesses. Time to dig in our heels and say no banks get a penny while Biden refuses to close the border, while he shovels money to Ukraine and refuses to help the people in East Palestine. We need to let the RINOs who supported that bloated Biden spending bill know we will not sleep until they are removed from office, too. They are playing us for fools.
Until The People start marching in the streets by the tens of millions per protest site, nothing's gonna change. The (s)elected officials will just keep doing what [they]'ve been doing for decades.
I'm just sitting back and waiting for torches and pitchforks to come out.
Got a long wait.
People saw on Jan 6 what happens to patriots who exercise their First Amendment rights; they don't want to be tortured for years in jail for loving their country.
X-22 stated that the FDIC has nowhere near that money to cover a 2 major bank collapse.
The FDIC for sure doesn't have the money to do that. Janet Yellen and the Fed saying this is something else.
^^^Key point!
"Fire up printers and full speed ahead!"
For SVB, Yellen has guaranteed depositors will get their money, but only up to the FDIC max allowable. Which I think is at $250K now. Used to be $100K, so I wouldn't be surprised if FDIC eventually only pays out to that amount. She's also said the taxpayers won't be responsible for the cost of bailing out these banks, and won't have to foot the FDIC's bill, too. But we all know she's lying about that. There's no feasible way that taxpayers don't end up footing the bills.