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the FDIC does more than hand out 250k checks. They will find a buyer for this bank who can successfully manage its assets. and most likely will payout uninsured
by mtoner23 4y ago
the FDIC does more than hand out 250k checks. They will find a buyer for this bank who can successfully manage its assets. and most likely will payout uninsured account holders at least 90 cents on the dollar. Probably even all 100 cents. Remember the bailouts the goverments made to banks on 08, we didnt lose a cent on those. the govt made money. We are gonna be ok
- rickreynoldssf 4y agoThis isn't going to happen before Monday. Or before the AWS bill is due. $250k isn't going to cover most company's operating cash needs.
- mtoner23 4y agofair point. we'll see how it goes though, i dont expect it to be a banking collapse thougu
- in_cahoots 4y agoIf the Twitter saga has shown anything, it’s that companies can afford not to pay on their contracts, at least in the short term. Amazon will give them a grace period because a customer paying a few weeks late is better than the customer going belly-up.