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Economy

LonePirate

(13,972 posts)

11. Is it more important to assist the innocent or to punish the guilty?

Reply to Fiendish Thingy (Reply #10)

Sat Mar 11, 2023, 01:45 PM

Mar 2023

You're arguing for the latter while I am emphasizing the former.

It's been 13 years since the last time the FDIC raised the insured cap. We've had 37% inflation since then. The current cap is far too low.

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Silicon Valley Bank - 89 percent not covered by insurance [View all] Tetrachloride Mar 2023 OP

This is really bad Casady1 Mar 2023 #1

Bitcoin is looking remarkably stable by comparison Blues Heron Mar 2023 #2

Yeah. With Bitty, we ain't lost 3Hotdogs Mar 2023 #3

I bailed on most of mine, just kept a crumb in case it goes to a million Blues Heron Mar 2023 #4

We seriously need to lift the $250K FDIC cap. That won't cover monthly payroll for many businesses. LonePirate Mar 2023 #5

No we don't - $250k is more than enough for individual depositors Fiendish Thingy Mar 2023 #6

Plenty of medium sized businesses with 100-200 employees are not owned by corporations. LonePirate Mar 2023 #7

This bank existed to raise venture capital funds for tech startups Fiendish Thingy Mar 2023 #10

Is it more important to assist the innocent or to punish the guilty? LonePirate Mar 2023 #11

$250k plus 37% equals $342k Fiendish Thingy Mar 2023 #12

So you're OK with people losing jobs and homes through no fault of their employer? LonePirate Mar 2023 #13

I'm for returning to stricter bank regulations Fiendish Thingy Mar 2023 #14

I just checked, and the money in my mattress is still all there. ;) Chainfire Mar 2023 #8

The Special Corporate Deposit Insurance Company CanonRay Mar 2023 #9

The money-multiplier in reverse bucolic_frolic Mar 2023 #15