Conversation

Notices

1. Embed this notice
   feld (feld@bikeshed.party)'s status on Monday, 20-Mar-2023 04:40:49 JST feld
   U.S. lawmakers to examine merits of higher FDIC bank deposit insurance cap
   
   https://www.cnbc.com/2023/03/19/us-lawmakers-to-examine-merits-of-higher-fdic-bank-deposit-insurance-cap.html
   
   
   Any bets on how big we're going to?
   • Embed this notice
     feld (feld@bikeshed.party)'s status on Monday, 20-Mar-2023 04:47:55 JST feld

     in reply to

     • :apa: スプリットショックウイルス †
     Nothing, that is literally what you should do. But people literally don't do it and now they're not being punished.
     
     No person in America will go hungry from not having more than $250k insured
   • Embed this notice
     :apa: スプリットショックウイルス † (splitshockvirus@mstdn.starnix.network)'s status on Monday, 20-Mar-2023 04:47:56 JST :apa: スプリットショックウイルス †

     in reply to

     • かき@GNUsocialJP

     @feld double. But really what stops you from just making multiple bank accounts at different banks and spreading your money out?

   • Embed this notice
     feld (feld@bikeshed.party)'s status on Monday, 20-Mar-2023 04:53:39 JST feld

     in reply to

     • :apa: スプリットショックウイルス †
     Imagine if it was like "oh no, 100,000 retail investors didn't set a stop loss and are going to lose everything except a special $250k they had insured. Should we give them a break because they're bad at managing their money?"
   • Embed this notice
     feld (feld@bikeshed.party)'s status on Monday, 20-Mar-2023 05:01:33 JST feld

     in reply to

     • The Doctor
     Yeah but regular people aren't going to suffer anyway. This is just a handout for stupid rich people and businesses that are just shell companies holding money like a bunch of bullshit LLCs to cover their tracks.
     
     No small business is going to have more than $250k in a bank account.
     
     Nor a farmer.
     
     Nor the average wage slave.
     
     Who is the idiot that had $400k or $1M or somehow more in these banks and are crying because they had more than $250k but FDIC won't cover it? I believe the answer is people and corporations that deserve to learn a lesson.
   • Embed this notice
     The Doctor (drwho@hackers.town)'s status on Monday, 20-Mar-2023 05:01:34 JST The Doctor

     in reply to

     @feld As long as it's for randos and not corporations* I don't particularly care.

     * I know, it probably isn't.

   • Embed this notice
     feld (feld@bikeshed.party)'s status on Monday, 20-Mar-2023 05:01:59 JST feld

     in reply to

     • :apa: スプリットショックウイルス †
     Bingo
   • Embed this notice
     :apa: スプリットショックウイルス † (splitshockvirus@mstdn.starnix.network)'s status on Monday, 20-Mar-2023 05:02:00 JST :apa: スプリットショックウイルス †

     in reply to

     • かき@GNUsocialJP

     @feld Well millionaires don't put their money in banks anyway. If you have a significant amount of money in the bank for more than a few months you are literally losing money because interest rates don't keep up with inflation and.

     Everyone (the majority) of people that had money in SVB literally had more money than they knew what to do with. What happened to SVB literally shouldn't concern anyone else, except people watch the news and don't know how banking works.

   • Embed this notice
     feld (feld@bikeshed.party)'s status on Monday, 20-Mar-2023 05:05:51 JST feld

     in reply to

     • The Doctor
     You keep more than 250k in a single bank account?!?!???!!
   • Embed this notice
     The Doctor (drwho@hackers.town)'s status on Monday, 20-Mar-2023 05:05:52 JST The Doctor

     in reply to

     @feld ... people like me who've been saving up for decades so that their kids might be able to put a down payment on a house?

   • Embed this notice
     feld (feld@bikeshed.party)'s status on Monday, 20-Mar-2023 05:23:48 JST feld

     in reply to

     • The Doctor
     Yeah you should open another bank account and move half of it
   • Embed this notice
     The Doctor (drwho@hackers.town)'s status on Monday, 20-Mar-2023 05:23:49 JST The Doctor

     in reply to

     @feld After 26 years of saving, almost.

   • Embed this notice
     feld (feld@bikeshed.party)'s status on Monday, 20-Mar-2023 05:26:29 JST feld

     in reply to

     • narcolepsy and alcoholism :flag:
     • The Doctor
     Argentineans: you guys use money in amounts with fewer than 7 digits?
   • Embed this notice
     narcolepsy and alcoholism :flag: (hj@shigusegubu.club)'s status on Monday, 20-Mar-2023 05:26:31 JST narcolepsy and alcoholism :flag:

     in reply to

     • The Doctor
     @feld @drwho you guys have money in amounts in 5 digits and more????