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Author Topic: Silicon bank collapse  (Read 679 times)
dolphins4life
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THE ASSCLOWN AWARD
« on: March 12, 2023, 01:14:05 pm »
What does that mean?

Did everybody lose their money like during the Great Depression?
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Fau Teixeira
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« Reply #1 on: March 12, 2023, 02:05:20 pm »
No the FDIC insures deposits up to a certain amount.

It was created by the uber-socialist FDR to protect people when this exact thing happens.

Here's a youtube video explaining what happens:

https://www.youtube.com/watch?v=TAE8i40A5uI
« Last Edit: March 12, 2023, 02:09:01 pm by Fau Teixeira » Logged
bsmooth
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I love YaBB 1G - SP1!
« Reply #2 on: March 12, 2023, 03:23:51 pm »
Quote from: dolphins4life on March 12, 2023, 01:14:05 pm
What does that mean?

Did everybody lose their money like during the Great Depression?

Multiple news sources, from various political biases, have all explained what happens to deposited money in great detail.
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dolphins4life
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THE ASSCLOWN AWARD
« Reply #3 on: March 12, 2023, 06:15:37 pm »
I've seen TikToks blaming both Trump and Biden for this collapse.
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masterfins
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« Reply #4 on: March 13, 2023, 01:00:18 am »
Quote from: dolphins4life on March 12, 2023, 06:15:37 pm
I've seen TikToks blaming both Trump and Biden for this collapse.

I'd suggest you stop getting meaningful information from TikTok videos, with the exception of how to teach your cat how to dance.
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