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#the1percent — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #the1percent, aggregated by home.social.

  1. @RitchieTorres The FDIC is thus depleting its reserves by covering uninsured losses. Only 5-10% of deposits were insured, meaning the FDIC of shelling out roughly 10-20x the amount that’s actually required.

    #SVB’s customers weren’t individual depositors. They were businesses. Whose interests are being protected here, and why?

    Never mind; I think we know. #The1Percent

    #MoralHazard #handouts #bailouts #cuiBono