Your Bank Has Failed

[@mikemaccana]

Greetings from 2023!

[@jorivice]

NO. I work in deposit insurance in Ecuador, where it is forbidden to use public money for failed banks issues. What it means is simple: If the bank fails, you have insurance over your deposits, the same as when you insure your car. In this case, the insurer is the FDIC, but you don't have to pay the premium; you bank does.

[@Stayingfrostee]

Ah, the SVB debacle today. Makes more sense now.

[@Mapdotnowhere]

At night not to cause panic.....at night

[@lornemalvoo]

nothing changes

[@mascasa4252]

Bear Stearns is a Buy!