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>The FDIC insures deposits up to $250k Per depositor, per insured bank, per account category. It’s not that difficult to keep significant excess deposits insu
by trogdor 4y ago
>The FDIC insures deposits up to $250k
Per depositor, per insured bank, per account category.
It’s not that difficult to keep significant excess deposits insured.
- SkyPuncher 4y agoNot difficult for the average person. Extremely difficult for a business running hundreds of thousands in transactions per month.
- borski 4y agoThis. Entire companies exist to help try and solve this problem for businesses.
- deleted 4y ago[deleted]
- notch898a 4y ago... until you find out the FDIC itself has a weak reserve ratio against their insured accounts, meaning they will be as broke as everybody else in a systemic banking failure.
- danielmarkbruce 4y agoThey've been around almost 100 years now... They went through 2008. The reserve ratio seems low, but when you consider the likely asset coverage for the first ranking creditors across the entire industry, the FDIC doesn't need to cover much.
- therein 4y agoand that's how you and I will be bailed-in my friend.