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On LATOC during that time, we had a thread called “Bank Eated Friday.” The title was a play on words from some troll no one remembers anymore. Every Friday the FDIC would announce which banks had been closed, and which banks assumed their assets and accounts. Hence the eated. It was happening often enough to keep the thread running for over a year.
So little banks are allowed to fail, and the food chain is encouraged up to the point where the bank is big enough to cause real damage, then the bailout happens.
I expect to see the same.
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