With four banks that have closed and kept customers 💰 are you afraid this might happen to you and your money?

[sage2021]

The first Bank 🏦 that closed, just before they closed it (for good) they gave huge bonus' to their employees, the customers got NOTHING!
In 2008 we had a period where most of the banks in the USA collapsed unless they were bailed out. So, the tax payers/government ended up getting them running again by paying for it. This money was to be paid back, but, personally I don't think it ever was.
This is so not fair that they get to keep your money. FDIC insurance covers $250k and that's it. So I guess it might be time to stuff our money into our mattresses at home 🤷🏼‍♀️

Updates

+1 y

So, basically if little joey wasn't so full of jealousy for the Donald he would have never done away with almost everything Trump did to build up America.

[Sixgunsound]

This isn't the normal up-and-down experienced by functioning markets. This is the fat cat's looting the Treasury before they ride off into the sunset to a country that doesn't extradite criminals. We're turning into A fucking Banana Republic circling the bowl and nobody else can see all the crumbling edifices of a formerly functional government. Trump derangement syndrome has hit the US so hard that they would rather cease to be a country than have him come back and fix things.

[sage2021]

@Sixgunsound Trump is the ONLY person that can fix America 🇺🇸! Why do I say that? Because he is the only person with his mindset! No one else thinks and does what he can do to make such a wide range of things run better for America the way he does.

[Kessia99]

It Amazes me how people think Trump can fix any of this. The man was literally one of the least effective presidents ever.

[exitseven]

He made a speech at the CPAC and rattled off a half dozen things he will do to fix the broken country. Everything would work too because it worked before. If Biden just left all Trump's policies in place instead of reversing everything just because it was something that President Trump did he might be thought of as a pretty good president instead of the worst one we ever had.

[Kessia99]

@exitseven What policies are we talking about?

[Kessia99]

@exitseven I know he gave a giant tax break to his self and other rich people, and he put some tariffs on China. Thats the only policy I saw TRUMP pass.

[exitseven]

@Kessia99 I am not rich and my federal taxes went down considerably, no just the crumbs that Hillery spoke of. He had a Wait in Mexico policy, he had a policy to make the NATO deadbeats pay their fair share, wouldn't that have come in handy today,? He had re written the trade agreements with Canada and Mexico to be more equitable The list goes on an on.

[Kessia99]

@exitseven Well we actually kept the trade policies with Canada and Mexico. Did he want them to pay or did he want an excuse to disband NATO? Hard to know what his true goal was. Of course a better armed Europe would have helped, but disbanding NATO would not.

[exitseven]

@Kessia99 He wanted them to pay. It is supposed to be a certain percentage of a county's GDP and everyone but the US was in arrears. Most countries owed billions. Why do you think they all hated Trump?

[exitseven]

Thanks for the MHO😎

[WaterIsland]

Do you have more than $250k? If not, then I don’t see any evidence to worry at all.

[sage2021]

@Waterlsland
To be honest I am not sure if the bank gave back anyone's bank?

[sage2021]

@WaterIsland
I go with a credit union and I am not sure what will happen to my money. They aren't FDIC insured.

[WaterIsland]

If you are under the limit you are getting your money back today. And yesterday the government announced that even if you’re above that limit and a SVB customer, you will get your money back too.

As for credit unions. Credit unions have something called NCUA (national credit union share insurance fund). With the same $250k limit. If your credit union is part of that, you are safe.

[exitseven]

Credit unions have there own insurance. It ID up to you to find out the limitm

[sage2021]

@exitseven I just found out today that the credit union I've been using forever just packed up and moved to another town l. No notice to me.
What do you think about this?

[Leopard23]

Absolutely Biden economics at work. Banks create the problem then taxpayers bail them out and bankers get bonuses.

[Likes2drive]

at least it isn’t short up to 250,000 and I don’t have anywhere near that much in the bank so I’m not worried about that but I guess anybody with more money should be keeping it in bonds and real estate I guess or just keep cash in gold coins, possibly

[Surely]

First place. Biden wants to do away with paper money. So if you stuff your mattress with your money. Will it be worth anything?
Second thing. The CEO”s , COO’s and the C what ever’s need to have all of their wealth confiscated along with the board of directors.
Since they are the only ones that benefited from the bank. Then split it money among the people that lost their moneys.
With the next to nothing interest rates. This should have been obvious that it would happen.

[Lliam]

The ponzi scheme is collapsing. The end game is for only the biggest predatory (banking) institutions to survive.

I don't keep any savings in banks. I put just enough in my checking acct each month to pay my monthly bills.

[exitseven]

I am wondering what to do with all my money. I don't really trust anyone.

[Aerissa_Jade]

I can tell you what to do with it. Spend it all on inflation... problem solved 😂.

[Jamie05rhs]

Common sense says if you have more than the FDIC limit then you just put it in different banks. If people are stupid then that's their problem.

[Jennz6]

Nope, I keep all my cash 💰 hidden away, I don’t trust the bank

[Juxtapose]

If you have more than a quarter of a million dollars then you should spread that across multiple banks so it is all insured.

Or keep it as safe, just don't be a fucking dumbass and put it all in one bank.

[Juxtapose]

*in a safe

[Dargil]

I'm nervous about it but I don't think my huge, nation wide chain bank will be hit.

[Anonymous]

I never trust the bank's

I have 3 accounts with different banks totalling around £120
I only have them because of online usage and cheque cashing

[NostalgiaSenpi]

I don't have anywhere close to 250000 in assets.

[Anonymous]

i only heard 3 closed what 4 are you talking about?

[SnowedIn]

I'm not concerned for my money.

[FunkyMonkee]

Yeah!

[FunkyMonkee]

You got it, babe!! It also doesn't help us that Joey's deep in the illuminazis!!

[In_Trance]

no, not at all