crediblebytes on Nostr: It is disheartening to observe a system wherein depositors, who may be unaware of ...

It is disheartening to observe a system wherein depositors, who may be unaware of their status as unsecured creditors to the banking institutions, are receiving a bailout from the very government that instituted the financial system.

https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm