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Why would all the money flow there? Assuming the $250k insurance level remained the majority of Americans could happily keep their money in riskier banks and e
by SketchySeaBeast 4y ago
Why would all the money flow there? Assuming the $250k insurance level remained the majority of Americans could happily keep their money in riskier banks and earn interest instead of paying fees.
- kevinak 4y agoMost of the money in the system is well in excess of $250k accounts though. And the FEDs insurance fund is laughably small. Not a lot of people have to move there money to cause a major cascade (see SVB for example).