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PM_ME_UR_DIET_TIPS t1_jcgnb7h wrote

Reply to comment by [deleted] in First Republic in talks with major banks about a rescue plan by Powerpuff_Rangers

>Lankford said the impact of this standard would be that small banks would be less appealing to depositors with more than $250,000, the current FDIC insurance threshold.

Isn't that the correct approach?

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Draker-X t1_jcmh6ls wrote

If we want to kill the business side of non-big banks, sure. This is basically telling every business other than the truly smallest that they're better off with one of "the Big 4" rather than even a good-sized, multi-state regional bank.

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