Submitted by PussyBreath007 t3_1264nxo in wallstreetbets
Responsible-Rip4366 t1_je7ypew wrote
Reply to comment by robbinhood69 in $FRC - Puzzle Pieces by PussyBreath007
Correct. Also, big banks did this as a PR stunt to distract FDIC from imposing the majority of the coming deposit assessment on them. Lots of political pressure to make GSIBs pay the assessment to keep smaller banks from having to pay any of it.
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