cbo111
Full time employment: Posting here.
- Joined
- May 20, 2014
- Messages
- 979
So I'm seeing articles about billions of dollars getting withdrawn for our nations banks. Since most banks are FDIC insured, any losses would be covered up to $250K, is it a fair assumption that this cash is being withdrawn by wealthy folks with quite a bit more than $250K in their accounts. And they don't want to lose it. My question is what scary stuff do they see (non political please) that I don't? I feel no inclination to withdraw funds just to hold them at home for some undefined future.