Quote:
Originally Posted by Trendseeker
The Financial Claim Scheme is guaranteed by the federal government, not insurance companies. If a bank fails, the government will reimburse account holders up to $250k of their deposits held with that bank. Even if your name is Zavid Zeffraham.
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I guess you're aiming that at me?
I didn't say it was with an insurance company.
The govt will not reimburse anything...don't know how you think that since bail in is designed to free the govt from doing exactly that.
If you do some more fact searching, you might be shocked at what you uncover.
https://www.adamseconomics.com/post/...gainst-bail-in