Gabor Gurbacs
@gaborgurbacs · Mar 11, 2023
Crucial stat about FDIC reserves. @elonmusk
Gabor Gurbacs@gaborgurbacs· Mar 10, 2023There is more than $22 Trillion in the U.S. banking system. The FDIC has $124.5 Billion on its balance sheet and a $100 Billion line of credit from the U.S. Treasury. FDIC assets cover only 1.26% of deposits. About the size of Silicon Valley Bank. One bank. Let that sink in.
Elon Musk
@elonmusk
Comforting …
01:17 AM · March 11, 2023 · 620.5K views
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