Quote:
Originally Posted by TwistedChief
Of course you should. Absolutely. Though if you choose to do it, you’re likely safer with a Chase, Citi, or BOA.
And guys, re: the 1.3%. You do realize that during the largest financial crisis of our lives no depositors whether insured or uninsured lost money, right? Despite several hundred bank failures? There are assets against these bank deposits. And banks are so much more heavily regulated now than they had been (though a former unnamed president watered down regulations for smaller banks).
This SVB situation is super niche. They just did every stupid thing you could’ve done given their structure. Total mismanagement.
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Okay, now what am I going to do with this cave and ammunition that I just bought? I can eat the pallets of canned goods, so that's not a problem.