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Ge your money out of JP Morgan Chase, make sure it is under 200k.
by vtry 14y ago
Ge your money out of JP Morgan Chase, make sure it is under 200k.
- zspade 14y agoThis attitude right here is how things snowball into firm failures/recessions.
- whileonebegin 14y agoThe standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. I wouldn't be all that worried though. I'm not sure if 9 billion puts a dent in their accounts. They move a lot of money.
- sseveran 14y agoJP Morgan is hardly going out of business.
- dj_axl 14y ago"Lehman Brothers is hardly going out of business." - 2008
- rprasad 14y agoThe difference is that Lehman's Bro's liabilities far exceed their liquidable assets or access to credit. JPM has sufficient liquidable assets to cover their losses, and is in a far better position to raise equity or access credit to cover any shortfall. JPM also owns debt and securities in other financial institutions. Consequently, if they play hardball with JPM on this matter, it will simply return the favor at a later date.