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View Diary: JPMorgan's Jamie Dimon mostly gets the kid-glove treatment in Senate hearing. Merkley an exception (61 comments)

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  •  I call bullshit (0+ / 0-)
    if they lose they can shift the loss to the FDIC-insured accounts
    Oh?  And how, exactly, would that work?

    FDIC covers insolvency of banks, not losses - when a bank can't collect on a loan it makes with FDIC insured depositor money it does not get covered by taxpayers unless the bank literally goes bust.

    So I call bull shit.

    You have absolutely no idea what you are talking about and are throwing around words and phrases that you don't even understand to try to sound impressive.

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