3volver@lemmy.world to No Stupid Questions@lemmy.world · 6 months agoWhat would happen if the US didn't bail out the banks again like in 2008?message-squaremessage-square19fedilinkarrow-up175arrow-down15
arrow-up170arrow-down1message-squareWhat would happen if the US didn't bail out the banks again like in 2008?3volver@lemmy.world to No Stupid Questions@lemmy.world · 6 months agomessage-square19fedilink
minus-square667@lemmy.radiolinkfedilinkarrow-up6·6 months ago Now for the average joe, there’s the social security system which will cover up to 100k in money lost in a bank collapse In the US, FDIC insurance covers up to $250,000 for most depositors.
minus-squaremxcory@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up3·6 months agoJust adding NCUA is the credit union equivalent for protection.
In the US, FDIC insurance covers up to $250,000 for most depositors.
Just adding NCUA is the credit union equivalent for protection.