Is the FDIC bailout a bailout?

One of the talking points of the, it's not a bailout crowd is that the FDIC is paid by other banks.

Peter St Onge, Research Fellow at The Heritage Foundation, explains that traditionally the FDIC only covers the first 250,000. And what they're doing now after the Silicon Valley Bank crash with these bailouts is extending that to all the rich guys.

Peter's Twitter: https://twitter.com/profstonge

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