The Failure of the FDIC

When we set up the FDIC, as many as 2,000 banks have failed in one year back after World War I. He didn't have an account of the bank but that was an asset. And the banking system has changed so much over the years and we did something enormously sensible in my view. But here we are in you know, 2023 and we actually see the FDIC pay off at 100 cents on the dollar to everybody or make it available on all the men of the puzzles. That just shouldn't happen.