Supposedly the lesson of 2007-09 was that risk is everywhere and low risk events are correlated. I guess the lesson of 2020-22 was that when in doubt, print money.
I would love to see a federal judge step in here and block FDIC's move on the grounds that only Congress can appropriate funds. I fucking hate Trump and DeSantis, but Sleepy Joe is inching ever closer to losing my vote. Maybe I'll write you in.