Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Charlie Munger so eloquently describing the $7T IMPLICIT GOVERNMENT GUARANTEE ON TBTF BANKS:

“The way the world is, the government had no alternative but to back all deposits. Or we would have had the biggest goddamn bunch of bank runs you ever saw.”

https://elements.visualcapitalist.com/ranked-the-u-s-banks-with-the-most-uninsured-deposits/

"Now, the Fed has said that they could take necessary actions to protect uninsured deposits. How quickly BTFP loans increase in the next few months will be anyone’s guess as clients from smaller banks withdraw funds and send to larger ones or invest in money market funds."