Will Re-Insurers Bring Down the Banking Industry After the Bridge Collapse?
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As of March 11, 2024 the Bank Lending Emergency Program stopped providing emergency loans to banks at the brink of failure, meaning no more rescues for bank failures. The insurance industry and banks are hand in hand, so who goes broke when claims for the Baltimore bridge disaster come due, and which banks go down with them? No rescue for the banks coming.
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