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March 17, 2023 INN Insider News No comments
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The FDIC’s long game

As anyone who’s ever dealt with an insurance company knows: They like to minimize the amount they have to pay out in claims. The FDIC is no normal insurance company — but its actions last weekend are entirely consistent with a desire to save as much money as possible.Why it matters: The FDIC on Sunday decided to bail out a set of Silicon Valley millionaires and billionaires who…

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