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@22 His claim is that deposit insurance does not really work anymore, which is super, super alarming.

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Darius Kazemi

@22 also he's saying these banks created "classic S&L balance sheets just waiting to explode under the watchful eye of hundreds of federal and state regulators" - like, the responsibility is to do more than just wait for the mess and clean it up when the (evidently, to these experts) obvious outcome is a mess will be happening very shortly

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