@3volver@lemmy.world to No Stupid Questions@lemmy.world • 7 months agoWhat would happen if the US didn't bail out the banks again like in 2008?message-square19fedilinkarrow-up173arrow-down14
arrow-up169arrow-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 • 7 months agomessage-square19fedilink
minus-square@667@lemmy.radiolinkfedilink6•7 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-square@mxcory@lemmy.blahaj.zonelinkfedilinkEnglish3•7 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.