Quote:
Originally Posted by Trexller
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I remember being a kid in line at the bank with dad, reading the FDIC sign and thinking to myself, 250k? Thats like nothing, wtf do they actually do? It's such a joke, invest your money or keep it under your mattress
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In theory, this means those banks have more liquidity and should be less likely to collapse. But yes, especially in the era of social media, bank runs could be induced by panic or a foreign actor
And again, I don’t understand finance. If you were greedy or irresponsible I’d just give you the death penalty and let the next banker know they’d face the same