The banks were only insured 250k, the other amounts in the millions are not insured they were not paying for 250k insurance. They lost the money through high interest rates, value of tech stock drops, and they literally get backstopped in a weekend?
Where does this money come from if it's not from US Tax payers? If it's really a pool of money from insurance, how does that work if it was formulated for 250k, but now every cent is covered in the upwards of hundreds of millions per account?
Is it because there are lobbyists in the government, and are friends with the banks, and once they need help, they don't oppose it?
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