3 ms·

you know thats how ALL insurance works right?

• AH4oFVbPT4f8 4y ago
  "Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law." Shouldn't the insurance cover what was insured? Why is it covering more than that?
  • FooBarBizBazz 4y ago
    It's really in the banks' collective interest to do this. They can pay for more insurance, or people can lose faith in the banks. The latter situation is much worse for them.
  • deleted 4y ago
    [deleted]