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Cameri🐦‍🔥

Did you talk about what is insuring those FDIC insurances? Nobody talks about that.

nobody 2y ago

I don’t remember the exact amount but the FDIC has nowhere near enough to insure every $250K or less depositor.

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Discussion

Cameri🐦‍🔥 2y ago

We are only talking about the 16th bank of the USA nonetheless. They can’t even insure that one 16th bank fully. Do whatever you want with this information.

Susiebdds 2y ago

Even I didn’t know exactly how inadequate the FDIC was until this weekend.

Purple Horse 2y ago

It’s all so messed up… beyond insane

Mikey 2y ago

We are witnessing the rapid of decay and subsequent collapse of antiquated systems. Darwinian evolution in real time.

Susiebdds 2y ago

They have enough to cover 1.26% of deposits if you include their credit line.

Chris 2y ago

If I’m not mistaken the fdic credit line is $500bln.

Seems small to ensure all deposits over 250k.

MainStreetChungus 2y ago

They just will print more to cover. Would I fell “safe” that I’ll get my $250k back, yeah. What will be the purchasing power of that $250k is the question.

Susiebdds 2y ago

Weimar here we come.

MainStreetChungus 2y ago

upside down 2y ago

Bitcoin is FDIC insurance