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> If this is so prudent, how come nobody was suggesting it before it happened?

Because if you tell someone "hey, we're gonna wipe your shit out" they're going to try to rescue as much money as they can.

> The big question then is how this levy on the rest of the banking system will work.

https://www.fdic.gov/news/financial-institution-letters/2009... Here's how it worked in 2009.

> why didn't someone think of this earlier

Like in 2009, the last time they did it?




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