There is no liability if they fund a tech startup that has great buzz, but no long term legs. The list of these companies had valuations far in excess of potential earnings. The FDIC was to protect individual depositors. Now they are using it to have taxpayers (its coming) make good on their losses from speculative bets.
There is no liability if they fund a tech startup that has great buzz, but no long term legs. The list of these companies had valuations far in excess of potential earnings. The FDIC was to protect individual depositors. Now they are using it to have taxpayers (its coming) make good on their losses from speculative bets.
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