Re:Savings and Loan Crisis 1980–1989
by everybodyknows on Tuesday May 02, 2023 @12:10PM
(#35789783)
I'm thinking of those little old widow's kids reminding her that 0.1% on her "savings" account is not keeping up with the price of groceries. If she's not too old to be reasoned with, her money is going to walk, to TreasuryDirect, or at least a CD.
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Re:Savings and Loan Crisis 1980–1989
by ElevenLathe on Tuesday May 02, 2023 @04:46PM
(#35793945)
Right, so she walks, and so do a lot of other widows, the credit union becomes insolvent, NCUA comes in and winds it down and makes the other widows whole. Not ideal, but seems fine.