From a person who can math a little bit:

They say they are making it so that

the Department of the Treasury will make available up to $25 billion.

OK sounds like a lot. Not as much as what was sent to Ukraine. But hey, at least they are printing money FOR the US public, Right?

However, as the article points out,

more than 19 trillion dollars is deposited with U.S. banks. Hang on a second, we are talking orders of magnitude here. A trillion = one thousand billion. Three zeros more.

So what this article is actually saying is that just over 0.1% of deposits are 'guaranteed' with this little effort to run 'cover' for the banks. Not to mention that

U.S. banks are now sitting on 620 billion dollars of unrealized losses.

So, 25 billion is a drop in the bucket. Literally.

YIIIIKEs.

From a person who can math a little bit:

They say they are making it so that

the Department of the Treasury will make available up to $25 billion.

OK sounds like a lot. Not as much as what was sent to Ukraine. But hey, at least they are printing money FOR the US public, Right?

However, as the article points out,

more than 19 trillion dollars is deposited with U.S. banks. Hang on a second, we are talking orders of magnitude here. A trillion = one thousand billion. Three zeros more.

So what this article is actually saying is that just over 0.1% of deposits are 'guaranteed' with this little effort to run 'cover' for the banks.

YIIIIKEs.