Replying to Avatar Rich Nost

My fiat savings is in a high yield (4 percent!) vehicle that is somehow FDIC insured. At this point, I don't trust that this is possible without risk, but I'm also like "fuck it, let it ride loool". How is a 4% yield account FDIC insured when, say, a USBancorp cant even give you 1%, and they're barely holding on to the coaster with all their unrealized losses?

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btctotoro 2y ago

No one has the money, its craazy

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