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spencerflem · 621 days ago · link · · parent · post: FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank
also, if it was a 100% insurance, banks would have to either take 0% risk and offer 0% interest, or the money to make it up will keep coming from taxpayers i don't really care how silicon companies are doing so would rather not the second one, and the first seems to dilute what a bank is able to do by a lot edit: just saw your other post - yea it's scummy they can pick and choose when they're allowed to ignore the limit