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> The government has fdic and insures up to $250k. That’s what our taxes paid for. FYI, FDIC insurance coverage is funded by premium payments from covered bank
by valleyer 4y ago
> The government has fdic and insures up to $250k. That’s what our taxes paid for.
FYI, FDIC insurance coverage is funded by premium payments from covered banks, not from "our taxes".
https://www.fdic.gov/about/what-we-do/index.html https://www.fdic.gov/about/what-we-do/index.html