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At least in the U.S., savings and checking accounts are FDIC insured. So savers would likely be made whole in the event of a bank run.
by qqqwerty 6y ago
At least in the U.S., savings and checking accounts are FDIC insured. So savers would likely be made whole in the event of a bank run.
- frequentnapper 6y agobut only up to 250k
- votepaunchy 6y ago250K per person per bank per account type.
- WrtCdEvrydy 6y agoAlthough it could take years to get a payout. FDIC is basically just saying "we'll pay it out of taxes'. The whole thing is a shell game.