2 ms·
If your Treasuries lose their value then the absence of FDIC backing is truly the least of your concerns.
by MengerSponge 2y ago
If your Treasuries lose their value then the absence of FDIC backing is truly the least of your concerns.
- cls59 2y agoThere is the unfortunately plausible scenario of the US Congress suffering a fit of insanity and blocking the ability of the Treasury to make a timely payment. It's hard to say what the outcome of such a move would be, but one possibility is Treasuries taking a large haircut, but without triggering the sort of collapse that would swallow FDIC along with everything else.