In the wake of bail-ins as the new bank resolution method of choice throughout the entire Western world, our friends at Demonocracy have released a MUST SEE infographic on the FDIC illusion of insured bank deposits.
The infographic gives a visual view on the size of FDIC’s fund vs. the total deposits that the FDIC covers.
What happens to the rest of deposits in the event of a banking crisis? Well, that’s what bail-ins are for!
Full infographic is below: [Read more...]