Re:Fed and FDIC discussing backstop to make SVB depositors w...
by flandish on Sunday March 12, 2023 @06:26PM
(#35127091)
“Interest” is not the same as “risk with investment.”
You don’t open a savings acct and get told “you could lose this money.”
You’re given a sold-to-you contract from the bank for a specific rate of return for the privilege of them being allowed to hold and work with your money.
You don’t open a savings acct and get told “you could lose this money.”
You’re given a sold-to-you contract from the bank for a specific rate of return for the privilege of them being allowed to hold and work with your money.
If one chooses to dep >250k - that’s on them.