Definitely disagree with bailouts. Too much risk is taken on when you’re too big to fail
True, but some of those investors lost of all their money.
Don’t give a damn. That’s the best part of capitalism. Anyone who invests deserves to benefit when things go well and be hurt when things fail
Depositors are a different story.
A lot of people lost all of their homes back in 2008. I have no doubt that if it was a bank in Omaha instead of Silicon Valley, the would point to the FDIC limit of $250k and offer to keep you in their prayers.
I read about a basketball player (I think) who has something like 50 different banks. $250k times 50 means he would have 12.5 million, even if they all failed.
Do you have ALL your money in one bank?
Surely they have other investments!
$1.25 mill.
The company i work for has over $200 mil in cash. Its spread around with smallest deposit probably $10mil. Im not in tge treasury management side but they have been opening up accounts all the time recently.
Fifty accounts at $250,000 each is $12.5 million total.
50 @ $25k is $1.25m. That’s what KC posted.
My keyboard did not take the zero. $250K times 50 is 12.5 million
my keyboard did not take the zero. FOrgive me. At any rate, if they limit insurance to $250k, he would have had $12.5 million protected
My keyboard didn’t accept the zero. I’m not perfect. Never claimed to be, but mea culpa I made a mistake.
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