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Also, if you loan money to a bank and the bank becomes insolvent, the FDIC will pay you back (up to at least $250k). OTOH, if you bought shares in the bank, in
by usefulcat 3y ago
Also, if you loan money to a bank and the bank becomes insolvent, the FDIC will pay you back (up to at least $250k). OTOH, if you bought shares in the bank, in that scenario you’d probably lose everything you invested.
- reducesuffering 3y agoWell, the US Government actually reneged on only $250k. Now, if you are politically connected enough, blessed with "systemically important" status, you may get your billions $ payed back by FDIC...
- usefulcat 3y agoHence "up to at least $250k"..
- FredPret 3y agoUnless the bank is too big to fail