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> The FDIC insurance fund only covers a tiny fraction of bank deposits Isn't it $250,000 per customer? It wouldn't be enough to save the bank if there was a r
by rrrrrrrrrrrryan 5y ago
> The FDIC insurance fund only covers a tiny fraction of bank deposits
Isn't it $250,000 per customer?
It wouldn't be enough to save the bank if there was a run (because of accounts with huge balances), but it'd be enough to save most of the customers that need saving.
- notyourday 5y agoIt is a per-signator per-bank per-type per-POD