FDIC is what ensures your money won't simply disappear if your bank goes under.
I assume billionaires keep their primary funds overseas.
I assume billionaires keep their primary funds overseas.
Reposted from
Marisa Kabas
I reviewed a copy of the email received by a fired FDIC employee (who was told by phone they were not being terminated for performance) and it had some *very* peculiar language:
“FDIC finds that you have not demonstrated that your further employment at the FDIC would be in the public interest.”
“FDIC finds that you have not demonstrated that your further employment at the FDIC would be in the public interest.”
Comments
As far as they are concerned, it's subsidized insurance for the poors, and thus worthless.
Then, they will find any loophole to keep you from being no-longer-a-millionaire.
https://finance.yahoo.com/news/inside-the-legal-loophole-us-regulators-used-to-bail-out-svb-depositors-122418679.html