4 ms·

So how are we supposed to avoid this? If you can't trust that your money in a bank will be there tomorrow, then where should we put it? I thought this was supp

So how are we supposed to avoid this? If you can't trust that your money in a bank will be there tomorrow, then where should we put it? I thought this was supposed to be impossible, besides total civilization collapse. You risk losing money when it's in the stock market, not when it's in a bank.

bentlegen 4y ago
This has literally been an issue with banks for all of modern society. FDIC insurance did not materialize randomly. There are many answers: multiple bank accounts, holding other securities like treasuries (which are guaranteed by the US government), bonds, stocks, etc.