4 ms·
> Try and pull your savings out of a bank when there is a bank run. Familiar with the FDIC?
by csmiller 8y ago
> Try and pull your savings out of a bank when there is a bank run.
Familiar with the FDIC?
- scalesolved 8y agoSomething that applies to the US only?
- sjwright 8y agoMost major countries have a similar scheme https://en.wikipedia.org/wiki/Deposit_insurance https://en.wikipedia.org/wiki/Deposit_insurance
- scalesolved 8y agoTake the EU for example from that link https://en.wikipedia.org/wiki/Deposit_insurance#By_EU_country https://en.wikipedia.org/wiki/Deposit_insurance#By_EU_countr... Limited to 100k, that is extremely low for a lot of people looking for safe asset havens.