@3volver@lemmy.world to

No Stupid Questions@lemmy.world • 4 months ago

What would happen if the US didn't bail out the banks again like in 2008?

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What would happen if the US didn't bail out the banks again like in 2008?

@3volver@lemmy.world to

No Stupid Questions@lemmy.world • 4 months ago

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@667
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6•4 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.
- @mxcory@lemmy.blahaj.zone
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  3•4 months ago
  Just adding NCUA is the credit union equivalent for protection.

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