3 ms·
It's nice that you're an optimist and you believe you'll easily be able to take your money out of the bank to buy a house when the next crash happens.
by mtgx 8y ago
It's nice that you're an optimist and you believe you'll easily be able to take your money out of the bank to buy a house when the next crash happens.
- tfehring 8y agoThe risk of a run on US retail deposits is negligible due to the FDIC. The credit crisis in 2007-2008 was driven by run-prone shadow banking assets outside the purview of the FDIC, not by retail banking. However, there is a significant risk of not being able to get a mortgage under reasonable terms in the event of another credit crisis.