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The U.S. Banking System, Federal Reserve, & USDC Post-SVB Collapse with Ram Ahluwalia
Bankless
Is FDIC a System Wide Guarantee?
The FDIC is trying to stamp out the fire before it becomes a force fire. They have an issue to system wide guarantee, which is what Bill Ackman has been arguing for and keeps arguing for. But they don't need to. If you continue to see a movement from banks to money markets, not because of fear of banks, then it doesn't matter if you've got a system wide guarantee.
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