8 ms·
Some relevant info: In the USA average consumers are protected by the FDIC for the balances of their deposits up to $250,000. A large number of banks have consu
by theEXTORTCIST 9y ago
Some relevant info: In the USA average consumers are protected by the FDIC for the balances of their deposits up to $250,000. A large number of banks have consumer liability limits in place for protection from fraudulent charges on their credit cards.
https://www.fdic.gov/consumers/banking/facts/ https://www.fdic.gov/consumers/banking/facts/
- jhoechtl 9y agoIn case of large defaulting companies history has shown that there are no 100% safety nets despite all claims. Those claims are made to increase trust and lower market interest rates for companies to borrow money but regularly failed once really needed.