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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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Susiebdds 2y ago

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

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Chris 2y ago

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

Seems small to ensure all deposits over 250k.

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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.

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Susiebdds 2y ago

Weimar here we come.

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MainStreetChungus 2y ago

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upside down 2y ago

Bitcoin is FDIC insurance