Anyone else notice their fiat bank accounts have the FDIC logo on them saying “FDIC insured - backed by full faith and credit of the U.S. government”
That’s new, these logos everywhere. Must be some new law/requirement. A bit desperate trying to let us know our money is “safe” 😅
👀 I've seen these since the start of my banking history....which wasn't yesterday.
12 C.F.R. Part 328 regulates this, last substansive change was in 2006: https://www.ecfr.gov/current/title-12/chapter-III/subchapter-B/part-328
"Backed by faith" is some 15th century shit, yet here we are. 🤷♂️
Yeah, I saw it show up. Kinda weird.
Alarm bells should go off any time someone says the funds are safe.
My faith in government is really low, so…
