Financial risk has been eliminated. One more nail in the coffin of the USA economy when it all falls apart beyond hope: FDIC says the $250k limit on insured deposits was fake, we'll guarantee it all for SVB depositors

submitted by iamonlyoneman from (cnn.com)

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[–]iamonlyoneman[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

The pattern has been set: if you are too stupid to manage your money even to the minimal extent that you either invest in tangible assets when you have more than a quarter million bucks, or you spread your money around so it's all insured by being in different banks . . . who cares! Pennies from heaven will rescue you!