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No Stupid Questions@lemmy.world · 9 months ago

What would happen if the US didn't bail out the banks again like in 2008?

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What would happen if the US didn't bail out the banks again like in 2008?

3volver@lemmy.world to

No Stupid Questions@lemmy.world · 9 months ago

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9 months ago

Now for the average joe, there’s the social security system which will cover up to 100k in money lost in a bank collapse

In the US, FDIC insurance covers up to $250,000 for most depositors.
- mxcory
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  9 months ago
  Just adding NCUA is the credit union equivalent for protection.

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