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If your strategy is keeping money in an FDIC insured bank account the government will absolutely bail you out. You have a guaranteed bail out up to the deposit
by pbourke 4y ago
If your strategy is keeping money in an FDIC insured bank account the government will absolutely bail you out. You have a guaranteed bail out up to the deposit insurance limits and a high-probability bailout for close to 100% of your funds through FDIC resolution.
- baq 4y agoThe money in FDIC is the banks’ money! Zero taxpayer investment.
- emkemp 4y agoNitPick: The Deposit Insurance Fund invests in Treasury securities, so technically there is a little taxpayer money from interest payments. But the contributions to the Fund are all from member banks, not from the Federal budget. https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation#:~:text=The%20FDIC%20receives%20no%20funding,the%20depositors%20of%20failed%20banks https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corp....