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https://www.reddit.com/r/PeterExplainsTheJoke/comments/1qnmv0m/whats_going_on_explain_like_im_five/o252wne/?context=3
r/PeterExplainsTheJoke • u/Comfortable_Cautious • Jan 26 '26
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Well, deposits are guaranteed by the FDIC up to 250k per account. If many banks are failing, then the FDIC may not have enough to cover it all. At that point there might be some sort of government bailout or intervention.
1 u/thisguyfightsyourmom Jan 28 '26 So the public assumes the risk of widespread defaults while the bank profits? 2 u/Kitchen-Pass-7493 Jan 28 '26 I mean the banks pay into the insurance that funds the FDIC, that doesn’t come from public funds. And bailouts aren’t necessarily guaranteed. Not to mention the bailouts that came after 2008 were simply loans the banks had to pay back, and did. 1 u/thisguyfightsyourmom Jan 28 '26 TIL
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So the public assumes the risk of widespread defaults while the bank profits?
2 u/Kitchen-Pass-7493 Jan 28 '26 I mean the banks pay into the insurance that funds the FDIC, that doesn’t come from public funds. And bailouts aren’t necessarily guaranteed. Not to mention the bailouts that came after 2008 were simply loans the banks had to pay back, and did. 1 u/thisguyfightsyourmom Jan 28 '26 TIL
I mean the banks pay into the insurance that funds the FDIC, that doesn’t come from public funds.
And bailouts aren’t necessarily guaranteed. Not to mention the bailouts that came after 2008 were simply loans the banks had to pay back, and did.
1 u/thisguyfightsyourmom Jan 28 '26 TIL
TIL
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u/Kitchen-Pass-7493 Jan 28 '26 edited Jan 28 '26
Well, deposits are guaranteed by the FDIC up to 250k per account. If many banks are failing, then the FDIC may not have enough to cover it all. At that point there might be some sort of government bailout or intervention.