5min chapter

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#1177 Caitlin Long On Bitcoin & The Banking Crisis

The Pomp Podcast

CHAPTER

Is the FDIC Insolvent?

There is a real question whether a solvent bank can be put into receivership. The FDIC insurance fund took a two and a half billion dollar hit on signature. Elizabeth Warren just sent a letter to the three inspectors general of the federal banking agencies for preliminary reports within 30 days. And it's hard to see debanking, choke point 2.0.

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