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1. Louis Condé (louisconde@poa.st)'s status on Saturday, 11-Mar-2023 04:26:25 JST Louis Condé
   Everyone likes to think of the FDIC being a safe bet, but when the Savings & Loan crisis hit, the FDIC's sister program, FSLIC was allowed to fail. Tens of thousands of people lost their homes because Congress didn't want to uphold their obligations.
   • ❄️:padoru: SantaSnekFriend :padoru:❄️ (supersnekfriend@poa.st)'s status on Saturday, 11-Mar-2023 04:46:04 JST ❄️:padoru: SantaSnekFriend :padoru:❄️

     in reply to
     @LouisConde Most poignant lesson from my economics professor: even in it's origin, FDR and his government understood that the FDIC was only a psychology manipulation tool and not an actual backing of bank funds. If you think otherwise, you are the most shabbos of shabbos goyim.
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