Amazing Stuff

This is "rich people/entities need to be bailed out both for their own actions AND for the actions of the Fed which are supposed to hurt normal people, not them."

The preponderance of uninsured depositors already left. Something like 60% of the uninsured deposits left come from the cash infusion big banks gave FRC a few weeks ago. Larry's calling specifically for a bank bailout https://t.co/NcOiTTE50H

— David Dayen (@ddayen) May 1, 2023