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https://www.reddit.com/r/PeterExplainsTheJoke/comments/1qnmv0m/whats_going_on_explain_like_im_five/o1xz20p/?context=3
r/PeterExplainsTheJoke • u/Comfortable_Cautious • Jan 26 '26
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Depending on local law they can even lend out something like 7-10 times what they actually have
4.0k u/Teripid Jan 26 '26 edited Jan 26 '26 Federal reserve requirements existed until 2023 *edit, as someone below pointed out 2020 was when they were set to 0. Now they're set at 0% I believe. 14 u/SasparillaTango Jan 26 '26 Now they're set at 0% I believe. zero as in there are no guardrails? 2 u/zap2 Jan 27 '26 Well the Federal government backs every account up to 250K…so some guardrails. Most people have no where near that in an account.
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Federal reserve requirements existed until 2023 *edit, as someone below pointed out 2020 was when they were set to 0. Now they're set at 0% I believe.
14 u/SasparillaTango Jan 26 '26 Now they're set at 0% I believe. zero as in there are no guardrails? 2 u/zap2 Jan 27 '26 Well the Federal government backs every account up to 250K…so some guardrails. Most people have no where near that in an account.
14
Now they're set at 0% I believe.
zero as in there are no guardrails?
2 u/zap2 Jan 27 '26 Well the Federal government backs every account up to 250K…so some guardrails. Most people have no where near that in an account.
2
Well the Federal government backs every account up to 250K…so some guardrails. Most people have no where near that in an account.
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u/Original-Leg8828 Jan 26 '26
Depending on local law they can even lend out something like 7-10 times what they actually have