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by SkyPuncher
1194 days ago
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> Taxpayers benefit enormously from a banking system that isn't a crapshoot. I wonder how many people here would be screaming the exact opposite if this was their personal banking account? Yes, you can spread your money among multiple accounts. However, data shows it's exceedingly rare (1) an individual bank to fail (2) depositors to loose any money when a bank fails. According to the FDIC list of failed banks [0], there have only been 17 bank failures in the past 5 years. It's been 9 years since a bank has failed without finding an acquirer. To say this is something you must plan for is a bit of a stretch. * https://www.fdic.gov/resources/resolutions/bank-failures/fai... |
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