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News on this from earlier:
It put a rocket up equities (well, got a pop out of it):
Bloomberg had the report, but its gated. Ungated info is here at Dow Jones’ Market Watch:
Yeah, paying for it would pose a challenge. As posted earlier:
- US bank deposits are around US$18 tln
- The FDIC insurance fund is around US$125 bn
- The FDIC insurance fund is unfunded
Via some scallywag on Twitter:
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