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I’m not talking about failures since 08. Just since Thursday. It’s a new policy. You can debate the nuances all you want, I’m sticking with the simple proof an
by berkle4455 4y ago
I’m not talking about failures since 08. Just since Thursday. It’s a new policy.
You can debate the nuances all you want, I’m sticking with the simple proof and reality. FDIC member banks offer 100% depositor protection now.
- colinmorelli 4y agoPlease link to the policy where the FDIC announced 100% coverage of all deposits in all banks, not the press release where they announced providing depositors coverage in two specific banks. Edit: this is not debating nuances. Insurance coverage is not what we feel and think it is. It's what is specifically documented and funded. In this case, the FDIC is neither documenting nor funding 100% coverage for all deposits in the nation. They may decide to do so, but they certainly have not at this time.