AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
The Bank Crisis Is "Overblown" | Joseph Wang
Forward Guidance
The FDIC Guarantee of All Deposits, Not by the Federal Reserve
Biden: We want to reward businesses that do a good job and punish those who don't. He says the FDIC's guarantee of all deposits would be paid by a special surcharge fee on banks in the future, not by taxpayers. The Federal Reserve funds it with a $25 billion from the Treasury exchange stabilization fund. Biden: It creates precedent where basically you can behave badly and you will get bailed out.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode