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by _cs2017_ 987 days ago
Flagging this article for being too stupid to warrant reading. In 1970, nobody was afraid their savings disappeared; when a bank fails, people would lose their savings unless the government insures or rescues the bank.

Given the extremely low quality of this article, and given that the author is a finance editor rather than some freelance contributor to Business Insider, I very much hope that HN readers would stop upvoting submissions from Business Insider in the future.