The Fed Is Going to Be Making All the Larger Depositors Nailed

The FDIC is doing exactly what they always do. It's like all the banks pay in to have this insurance so their bank collapses. The depositors are protected up to $250,000. So when FDIC pays out, it's the banks as a whole who got nailed. But everybody else, they'll get a dividend immediately of we know the bank's worth got at least this much in assets that we can sell. And here we are in 2023. People are still working their way through the toilet paper they bought in 2020.