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I mean it's like printed everywhere that deposits over $250k may lose value... how do you reconcile that?
by theGnuMe 4y ago
I mean it's like printed everywhere that deposits over $250k may lose value... how do you reconcile that?
- fnordpiglet 4y agoBy reading the news. The fdic insurance is the absolute minimum you can recoup. It’s not a cap, it’s a floor. The fed, treasury, etc have said no business disruption will occur for depositors or customers.
- gruez 4y ago>I mean it's like printed everywhere that deposits over $250k may lose value The fed announcement yesterday said no depositors will lose any money. >Depositors will have access to all of their money starting Monday, March 13. [...] All depositors of this institution will be made whole.