Cruz didn't mention that either. Up to $100k FDIC insurance.
It is $250,000 per person now
I think this is it for Fox. They are down with debates.
FDIC is more broke than social security. It is a fraud designed to create the impression that deposits are safe.
“Cruz didn’t mention that either. Up to $100k FDIC insurance.”
No it is at least twice that now.
He wasn’t asked that. He was asked if he would bail out BoA and he answered NO. The issue with deposits and how they will be affected is not conditional on a bailout. Bailouts for banks are there to stop contagion in the financial markets and aare FDIC protected (up to $100k).