“$250,000 per depositor. Correct?”
Neither Kasich nor Cruz seemed to know that depositors are protected up to the FDIC limit.
If a bank fails depositors won’t be hurt as long as they keep their accounts below the FDIC limit
It’s investors in the banks who wanted to be bailed out and shouldn’t be. They took the risks knowing that bank stock can go under.
BLESS YOU, TRUMP, FOR BRINGING UP INVERSIONS!!
This is YUUUGE. No one ever talks about it.
Trump gets it!!
Trump WILL Make America Great Again!!
I was thinking the same thing. Thanks. I’m baffled that these pols missed it.
$250K per bank account. You can have more than one acct at the same institution now wait, that’s how my credit union works. I’ll just say $250K per depositor with BOA, Wells Fargo, little country banks, not many other left. Must be a couple other big ones waiting to get bought out.
That's not entirely true. Your deposits are now considered the bank's assets as long as you hold them, and should a crisis occur, you could be issued bank stock as a replacement for that deposit. Think you'll be saved by the FDIC, think again. Sure, your deposit is secure, it's just that it could be in shares now and not cash.