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The Future of Banking
When SBB failed, there were sort of two conversations that sprung up right afterwards. Do we just accept that they're all implicitly guaranteed regardless of what the formal FDIC cap is? And then there's also a conversation about 5,000 banks in the U.S., which is like, I think, private and those banked country in the world. Well, look, I mean, I don't think that blanket deposit insurance is in the cards, but I think, again, you know, other than the BTFP, we have this other tool, which is the FDIC steps in between the Fed and the troubled institution.