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Willson50 | 3 years ago

We're not bailed out if we're under $250k.

discuss

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ladon86|3 years ago

The US has over $9tn of deposits and the entire FDIC insurance fund is only $121bn, which is less than the total assets of SVB alone. FDIC insurance can cover a few bank failures, but not dozens.

AbrahamParangi|3 years ago

What about your employer? Would they still have money to pay you?

Willson50|3 years ago

If your employer doesn't pay you, then you find a another job.