bullmousse on Nostr: npub1smhgk…9hvr3 >Put your money in a GSIB, because those are the banks that the ...
npub1smhgktylyuqqv9dlnxj0aq65s3fzesh2fku47g9z5r6qt9napgasp9hvr3 (npub1smh…hvr3)
>Put your money in a GSIB, because those are the banks that the fed has said they will bail out first.
That only matters if your balance exceeds the 250k of the FDIC insurance, right? I assume the FDIC will outlast any bailout assurances, though if the crunch-time comes, who knows what last longest.
Point is: don't put more than you can afford to lose in a savings account.
>Put your money in a GSIB, because those are the banks that the fed has said they will bail out first.
That only matters if your balance exceeds the 250k of the FDIC insurance, right? I assume the FDIC will outlast any bailout assurances, though if the crunch-time comes, who knows what last longest.
Point is: don't put more than you can afford to lose in a savings account.