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Mon Mar 13 19:11:14 +0000 2023

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Richard Spencer @RichardBSpencer

@LionBlogosphere This wasn’t a “bailout,” in the way that term was used in 2008. The government is insuring deposits, while letting the investors and management take a bath. The federal government set a precedent for backstopping ALL deposits, beyond the FDIC’s existing commitments. — PolitiTweet.org

Posted March 13, 2023