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by computing 1194 days ago
have you read the financials of the banks you bank with? have you read the source code of every app/other software that you use?

Interesting new world folks are suggesting here, where depositors can't trust the highly regulated banks they bank with.

2 comments

I know how much money I have at risk and how much is insured. It would be pretty irresponsible for me to not and just assume someone will step in and give me their money if I lose mine.

I'm personally a conservative investor, which means amongst other things I forgo notional returns by making safer investments. So it definitely makes my angry to see people that had a less responsible money management strategy get to participate in all the upside and not have to take the downside.

If you have over $250k in a single account then you probably should do some due diligence…