That inherently seems unfair. The second thing is, of course, the moral hazard. So we've now set a precedent that uninsured deposits can be protected. And There's $18 trillion of deposits in our U.S. banking system. Eight trillion of them or so are uninsured. So does that mean we now have essentially made a commitment to insure that other 8 trillion? It seems so. Time will tell the consequences of that, but my guess is live to regret it. (03:31–03:40)
CLAIM
Asserts that $18 trillion in deposits exist in the U.S. banking system, with $8 trillion uninsured.
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