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There's no option to chose for better insurance otherwise I'd already have taken. The next best thing that's available is pulling out the money before everythin

There's no option to chose for better insurance otherwise I'd already have taken. The next best thing that's available is pulling out the money before everything goes wrong. Making better choices is the best insurance.

ceejayoz 4y ago
> There's no option to chose for better insurance otherwise I'd already have taken. Sure there is. Pick a bank that offers more. https://www.difxs.com/ https://www.difxs.com/ "The DIF is a private, industry-sponsored insurance fund that insures all deposits above Federal Deposit Insurance Corporation (FDIC) limits at our member banks." https://www.bankrate.com/banking/savings/ways-to-insure-excess-deposits/#other https://www.bankrate.com/banking/savings/ways-to-insure-exce... "Wintrust Financial has a business model that works well for excess deposit coverage. The company owns 15 separately chartered community banks in the greater Chicago area and Wisconsin. It offers the MaxSafe account, which allows an individual to insure up to $3.75 million by opening CD and money market accounts with Wintrust’s chartered banks." If you're mega, mega wealthy, someone like Lloyds would probably be willing to write a bespoke policy.
- frankreyes 4y ago
  Why would I do that when I can get a bail from the Fed for free? So, no, there's no better choice :)
  - ceejayoz 4y ago
    You said "There's no option to chose for better insurance otherwise I'd already have taken" and "Making better choices is the best insurance". You're now arguing, it seems, the opposite. If you think the FDIC will always insure depositors over their statutory limits, by all means, make that choice, but don't complain you don't have one.
    - frankreyes 4y ago
      I'm not complaining. You're complaining that you don't like my choices.
      - ceejayoz 4y ago
        "There's no option to chose for better insurance otherwise I'd already have taken." That's you, complaining about your available choices. Not me.
        frankreyes 4y ago
        you're just projecting your prejudices, you're assuming I'm complaining? It's funny because I'm not from the USA and I'm from a third world country where we had the same debate for those who take their money to overseas banks... My country has been having a non stop bank run over the last 20+ years. Good luck with your choices :)

ceejayoz 4y ago

> There's no option to chose for better insurance otherwise I'd already have taken. Sure there is. Pick a bank that offers more. https://www.difxs.com/ https://www.difxs.com/ "The DIF is a private, industry-sponsored insurance fund that insures all deposits above Federal Deposit Insurance Corporation (FDIC) limits at our member banks." https://www.bankrate.com/banking/savings/ways-to-insure-excess-deposits/#other https://www.bankrate.com/banking/savings/ways-to-insure-exce... "Wintrust Financial has a business model that works well for excess deposit coverage. The company owns 15 separately chartered community banks in the greater Chicago area and Wisconsin. It offers the MaxSafe account, which allows an individual to insure up to $3.75 million by opening CD and money market accounts with Wintrust’s chartered banks." If you're mega, mega wealthy, someone like Lloyds would probably be willing to write a bespoke policy.

frankreyes 4y ago
Why would I do that when I can get a bail from the Fed for free? So, no, there's no better choice :)
- ceejayoz 4y ago
  You said "There's no option to chose for better insurance otherwise I'd already have taken" and "Making better choices is the best insurance". You're now arguing, it seems, the opposite. If you think the FDIC will always insure depositors over their statutory limits, by all means, make that choice, but don't complain you don't have one.
  - frankreyes 4y ago
    I'm not complaining. You're complaining that you don't like my choices.
    - ceejayoz 4y ago
      "There's no option to chose for better insurance otherwise I'd already have taken." That's you, complaining about your available choices. Not me.
      - frankreyes 4y ago
        you're just projecting your prejudices, you're assuming I'm complaining? It's funny because I'm not from the USA and I'm from a third world country where we had the same debate for those who take their money to overseas banks... My country has been having a non stop bank run over the last 20+ years. Good luck with your choices :)