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.So what happens if you have 1 million in a bank?The FDIC (Federal Deposit Insurance Corporation) is an independent agency of the United States government that protects bank depositors against the loss of their insured deposits in the event that an FDIC-insured member bank or savings association fails. The FDIÇ has funds on hand to cover 0.3% of American' deposits.0.3%. !.
How nice. < /sarc The bank employees got their bonuses just hours before the bank failed.( Bonuses,.... for failing?)along with some of the bank higher ups cashing in their bank stocks in the last couple weeks or so.How convenient that is/was...https://www.businessinsider.com/silicon-valley-bank-workers-paid-bonuses-hours-before-collapsed-report-2023-3and it was not known about ahead of time. Gimme a break... Sure it was.THEY knew it was coming.Just more crap to hurt the USA & cause economic grief to a whole lot of folks. Part of the lefty/commie playbook.
Since bank customers and shareholders were thrown under the bus, and no doubt a whole bunch where liberals. Wonder if they might just change their attitude about being part of the woke crowd?