What about successful medium sized business owners, who have low seven figures in their personal bank account? The FDIC insurance only covers up to $250k. I know some people simply cannot budget and live above their means, and losing all of that would make them homeless.
All of the big players are going to have their assets seized. I would assume this will be more than sufficient to cover anyone (that's not DS) that is above the $250,000 limit.
What about successful medium sized business owners, who have low seven figures in their personal bank account? The FDIC insurance only covers up to $250k. I know some people simply cannot budget and live above their means, and losing all of that would make them homeless.
All of the big players are going to have their assets seized. I would assume this will be more than sufficient to cover anyone (that's not DS) that is above the $250,000 limit.
I certainly hope so. Never been there myself or known anyone, but my mom did piss away all my dad's money so I know what it's like to lose a lot.
Yeah, I'm not comfortable with all the fallout.