4 ms·
Based on the FDIC/Fed/Treasury actions this afternoon, they have effectively removed the $250K limit as a practical thing. If you have a deposit, you will be "b
by chkaloon 4y ago
Based on the FDIC/Fed/Treasury actions this afternoon, they have effectively removed the $250K limit as a practical thing. If you have a deposit, you will be "bailed out", "backstopped", whatever. In their press release they said if they need extra funds to cover deposits, there will be a special assessment on all banks, passed on to you and me. So there you go.