
Ep. 270 - Exciting and Terrifying: NYT Podcast Trashing, GPT4, and Bank Runs
The Local Maximum with Max Sklar
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Is That a Bailout?
Wells Fargo is still around in some incarnation. Washington Mutual collapsed in 2008 along with you know Bear Stearns and Lehman Brothers, right? So the FDIC stepped in and bailed out to positives the FDIC is It's insurance. They're required to bail out depositors up to two hundred and fifty thousand dollars But because a lot of these were companies and startup companies at that that have to make payroll two hundred fifty thousand dollars Not nearly enough I think technically corporate accounts are not covered by FDIC insurance, but I'm not I'm not positive so there's the question of like is that a bailout?
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