They said that the Titanic was too big to fail. The Federal Reserve has said that there are banks that are also too big to fail but of course they will eventually, its just human nature to take things for granted! All of this was set in motion during the last depression when the government moved to guarantee bank deposits.
The Federal Deposit Insurance Corporation was created by FDR in 1933 and insured bank accounts up to $2500 bucks but today the limit is $250,000. It does seem that some of FDR’s fixes for the last depression like the FDIC and Social Security are going to contribute to the next depression. Biden’s bail out of SVC bails out all of Pelosi’s buddies!
And that is all I’m going to say about that!