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> This sounds like the type of situation where money becomes worthless. An asteroid the size of Texas just fell into the Pacific? What will happen to my FDIC i
by chimeracoder 3y ago
> This sounds like the type of situation where money becomes worthless. An asteroid the size of Texas just fell into the Pacific? What will happen to my FDIC insured funds!?
Yeah, I would be more worried about the USD itself becoming unstable than about the FDIC not paying out insured deposits.
And at that point, Apple would have far bigger concerns than the brand risk of people losing their Goldman-held savings.