Well… FDIC only insures $250k per deposit account. If shit really hits the fan, FDIC doesn’t have enough cash to bail out everybody. Guess who will lose most of their money proportionally to their total wealth? Hint: not rich people who diversified their wealth.
Well… FDIC only insures $250k per deposit account. If shit really hits the fan, FDIC doesn’t have enough cash to bail out everybody. Guess who will lose most of their money proportionally to their total wealth? Hint: not rich people who diversified their wealth.