spin_dry Posted March 13, 2023 Share Posted March 13, 2023 I pulled a chunk of cash today. Can’t be too prepared. https://www.marketwatch.com/story/regional-banks-are-seeing-flight-of-deposits-to-too-big-to-fail-megabanks-e072daa7 Quote Link to comment Share on other sites More sharing options...
Voodoo Posted March 13, 2023 Share Posted March 13, 2023 It won’t matter, sort of. If the banking system collapses, you can use it to start fires with or wipe y’er arse. 1 Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted March 14, 2023 Share Posted March 14, 2023 My bud who sells gold and silver coins etc has been killing it Quote Link to comment Share on other sites More sharing options...
Gold Member EvilBird Posted March 14, 2023 Gold Member Share Posted March 14, 2023 1 hour ago, spin_dry said: I pulled a chunk of cash today. Can’t be too prepared. https://www.marketwatch.com/story/regional-banks-are-seeing-flight-of-deposits-to-too-big-to-fail-megabanks-e072daa7 Good job Boomer. That will help. Quote Link to comment Share on other sites More sharing options...
Gold Member EvilBird Posted March 14, 2023 Gold Member Share Posted March 14, 2023 Isnt Joe Biden and the Democrats circus fun? I bet its Trumps fault 1 Quote Link to comment Share on other sites More sharing options...
Gold Member EvilBird Posted March 14, 2023 Gold Member Share Posted March 14, 2023 Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted March 14, 2023 Share Posted March 14, 2023 Mines all FDIC insured anyways until I get into retirement accounts at Fidelity. Don't keep more than $250k in one account. 3 Quote Link to comment Share on other sites More sharing options...
SkisNH Posted March 14, 2023 Share Posted March 14, 2023 (edited) 10 hours ago, teamgreen02 said: Mines all FDIC insured anyways until I get into retirement accounts at Fidelity. Don't keep more than $250k in one account. It's not per account its per institution... Also.. I just went through this with my attorney...recall the trust thread from a week or so ago. If you have a trust you get 250k of FDIC for each of the beneficiaries.. If you have a separate account for your business If LLC or corporate you get 250k for that account separately. Edited March 14, 2023 by SkisNH Quote Link to comment Share on other sites More sharing options...
Voodoo Posted March 15, 2023 Share Posted March 15, 2023 On 3/14/2023 at 6:35 AM, SkisNH said: It's not per account its per institution... Also.. I just went through this with my attorney...recall the trust thread from a week or so ago. If you have a trust you get 250k of FDIC for each of the beneficiaries.. If you have a separate account for your business If LLC or corporate you get 250k for that account separately. The insurance system in not sustainable if there are too many collapses. I’d rather have the loaf of bread than the wheelbarrow full of money it costs. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted March 16, 2023 Share Posted March 16, 2023 4 hours ago, Voodoo said: The insurance system in not sustainable if there are too many collapses. I’d rather have the loaf of bread than the wheelbarrow full of money it costs. There won't be. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.