points by Betelbuddy 1 day ago | 0 comments
The existence of the FDIC is in itself, the proof there is risk involved :-)
As of June 2026, the FDIC had approximately $161 billion in its insurance fund against...drum roll... $10.8 trillion in insured deposits.
Good luck calling on your insurance on a systemic bank crisis....
[–] lotsofpulp 1 day ago
This particular insurer is unlike others because it can ultimately edit entries in a database whenever it wants. As long as you are part of the group that is considered worth editing the database for, such as a depositor at one of the too-big-to-fail banks, then you have nothing to worry about.
A situation which calls that borrowing capability into question would mean the economy is so bad the dollar is worthless.