Really, it's the donors. Those social media billionaires all donate to the politicians. Sure, China gives some of the politicians money too (McConnel, China Joe, etc.), but the locals want their market share back. It's just like SVB. First FDIC said only $250k insured. Then, when the big donors who had accounts there were beyond $250k, cried to their money grabbers...nobody loses anything. 97% of SVB accounts were over $250k.
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