Is This a Fed Move?

The same guy who are one of the guys who worked at SVP worked at some of our old favorites like Lehman. Two of the Israeli banks got a bill. I think it was a billion dollars of deposits out. And they paid bonuses in advance. There's a lot of stuff that is like that. The other thing we haven't really touched on is that by bailing out the depositors north to $250,000 and by paying nominal value for assets, they're rewarding failure," he says. "There's a two-tiered banking system now, stay away from small banks"