If the market melts down and the economy spirals into a depression, those CDs won’t be worth rescuing.
I wouldn’t do anything hasty but that’s just me.
Are you saying that if we actually enter a depression, the FDIC insurance on the CD’s won’t be honored?
Please explain this as I believe if the government fails to live up to it’s insurance obligations re the banks, then all faith in the banks AND the government will be lost for a good long time if not permanently. It would seem at that time if it gets here, we would have anarchy.
Is this your position also?