4 ms·

FDIC doesn't even have enough funds to cover 1.3% of all deposits. Consider that before assuming your investments are protected.

• vorpalhex 4y ago
  FDIC has the weight and backing of a very large government who is capable of creating more fiat currency as needed.
  • 0daystock 4y ago
    > creating more fiat currency as needed Ironically, this very thing led to FDIC failing to meet their obligation deposit amount of 1.35%.