4 ms·
> in the US we've long established an expectation that if you have funds in a bank account at a registered bank, the government would back those funds Not sinc
by Supermancho 4y ago
> in the US we've long established an expectation that if you have funds in a bank account at a registered bank, the government would back those funds
Not since around 2010. The ~2007 crash was not without consequence.
- muzz 4y agoIndeed. Deposits at IndyMac Bank were only paid 50 cents on the dollar in 2008.