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2024-03-07 00:55:07
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Erdos on Nostr: Interesting how a bank holiday could wipe-out unrecoverable deposits if an insolvent ...

Interesting how a bank holiday could wipe-out unrecoverable deposits if an insolvent FDIC doesn’t bailout depositors but if you owe money that debt will still be owed to the next financial institution who assumes the failed bank’s “assets”.
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