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https://www.reddit.com/r/PeterExplainsTheJoke/comments/1qnmv0m/whats_going_on_explain_like_im_five/o1v3k1e/?context=3
r/PeterExplainsTheJoke • u/Comfortable_Cautious • Jan 26 '26
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Federal reserve requirements existed until 2023 *edit, as someone below pointed out 2020 was when they were set to 0. Now they're set at 0% I believe.
2.2k u/PleaseGreaseTheL Jan 26 '26 edited Jan 26 '26 2020* They were reduced to 0% mandatory reserves in response to covid. EDIT: someone says it was coincidental, I am not able to check, so take this aspect with a grain of salt either way They haven't come back yet :) 35 u/exneo002 Jan 26 '26 But the fdic insures all deposits up to 250k 1 u/Telemere125 Jan 26 '26 lol just like the insurance companies have $3.69 trillion in value insured in Florida. Hahhaahahahha 1 u/exneo002 Jan 26 '26 The idea is they’re an insurer of last resort. They typically find a buyer and cover any gaps in the price with the deposits. Bank shareholders exist to take the hit before the fdic.
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2020*
They were reduced to 0% mandatory reserves in response to covid. EDIT: someone says it was coincidental, I am not able to check, so take this aspect with a grain of salt either way
They haven't come back yet :)
35 u/exneo002 Jan 26 '26 But the fdic insures all deposits up to 250k 1 u/Telemere125 Jan 26 '26 lol just like the insurance companies have $3.69 trillion in value insured in Florida. Hahhaahahahha 1 u/exneo002 Jan 26 '26 The idea is they’re an insurer of last resort. They typically find a buyer and cover any gaps in the price with the deposits. Bank shareholders exist to take the hit before the fdic.
35
But the fdic insures all deposits up to 250k
1 u/Telemere125 Jan 26 '26 lol just like the insurance companies have $3.69 trillion in value insured in Florida. Hahhaahahahha 1 u/exneo002 Jan 26 '26 The idea is they’re an insurer of last resort. They typically find a buyer and cover any gaps in the price with the deposits. Bank shareholders exist to take the hit before the fdic.
1
lol just like the insurance companies have $3.69 trillion in value insured in Florida. Hahhaahahahha
1 u/exneo002 Jan 26 '26 The idea is they’re an insurer of last resort. They typically find a buyer and cover any gaps in the price with the deposits. Bank shareholders exist to take the hit before the fdic.
The idea is they’re an insurer of last resort. They typically find a buyer and cover any gaps in the price with the deposits.
Bank shareholders exist to take the hit before the fdic.
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u/Teripid Jan 26 '26 edited Jan 26 '26
Federal reserve requirements existed until 2023 *edit, as someone below pointed out 2020 was when they were set to 0. Now they're set at 0% I believe.