Comment on How likely do you think there will be a run on the banks?

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Dead_or_Alive@lemmy.world ⁨5⁩ ⁨days⁩ ago

FDIC insured up to $250,000 per account. So it’s mainly the little guys who enjoy the protection. FDIC did make all accounts even those over $260,000 whole.

But yes if the Orange Baboon and Electric Hitler decide to fuck with the FDIC I would pull the bulk of my funds and look for offshore safe havens.

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