Thanks.

Keep in mind, FDIC is supposed to protect your deposits up $250K.

The FDIC was put in place to quell this kind of panic AND it was in place for SVB.

The problem is that SVB depositors had millons. SVB depositors knew that they were over the 250K protections. They cried to gov't to save them.

Government DID.

The government is changing rules on the fly. Remember how government acted in the past - COVID, 2008, gold grab, arming IRS agents, Nord stream, etc. Proceed with caution, fren.

Thanks.

Keep in mind, FDIC is supposed to protect your deposits up $250K.

The FDIC was put in place to quell this kind of panic AND it was in place for SVB.

The problem is that SVB depositors had millons. SVB depositors knew that they were over the 250K protections. They cried to gov't to save them.

Government DID.

The government is changing rules on the fly. Remember how government acted in the past - COVID, 2008, gold grab, arming IRS agents, etc. Proceed with caution, fren.