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It's not the bank that guarantees it. It's the US Government through FDIC insurance. And that is working perfectly. There is no guarantee implied or explicit ov
by daveguy 4y ago
It's not the bank that guarantees it. It's the US Government through FDIC insurance. And that is working perfectly. There is no guarantee implied or explicit over 250k / entity / bank. There are distribution facilities that allow higher amounts to be guaranteed and that is working too.