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Money

Are Bankers Planning Bail-Ins Using Depositors’ Money?

July 15, 2020 James Corbett 0

Bank depositors risk losing a portion of their bank deposits. However, since each account is protected by the Federal Deposit Insurance Corporation up to $250,000, the scheme would covertly revert back to passing the bill to taxpayers to fund the FDIC, which quickly will be bankrupted by the demand for payouts.