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Top US Banks, ranked by uninsured deposits

submitted by FuckShitJesus to FinancialNews 1 yearApr 10, 2023 09:34:46 ago (+17/-0)     (files.catbox.moe)

https://files.catbox.moe/cral6i.jpg



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[ - ] La_Chalupacabra 4 points 1 yearApr 10, 2023 09:55:52 ago (+4/-0)

No wonder the government wants to eliminate physical cash; one less way to hide your assets when they tax/seize all your property, investments, and accounts to prop up the banks (not like hiding money under your mattress would do much good, anyway, when the government can print it out of thin air.)

[ - ] dosvydanya_freedomz 1 point 1 yearApr 10, 2023 09:37:54 ago (+1/-0)

saw this early this morning on zerohedge. lets see what happens

[ - ] x0x7 0 points 1 yearApr 10, 2023 21:39:08 ago (+0/-0)

Be your own bank.

[ - ] Prairie 0 points 1 yearApr 10, 2023 15:46:57 ago (+0/-0)

Uninsured LOL. The government will insure it.

[ - ] bonghits4jeebus 0 points 1 yearApr 10, 2023 18:50:20 ago (+0/-0)

Do we really care if they do? I mean the Fed which is supposedly independent or whatever creates money constantly. I don't see how them putting money into the banks that have runs on them is any different. All it does is let people get their money out of the bank. I do understand the moral hazard aspect of it. I guess I just don't see the system as very moral in the first place to worry about that.

In general, private central banking sucks. In specific, I don't think I care.

[ - ] Prairie 0 points 1 yearApr 10, 2023 21:06:07 ago (+0/-0)

Government-insured banks causes depositors to not care how risky the bank is. In fact, they prefer the ones taking more risks because they give better interest/etc.

[ - ] bonghits4jeebus 0 points 1 yearApr 10, 2023 22:35:03 ago (+0/-0)

Yeah that's the moral hazard. But why shouldn't people's deposits be safe in a bank? The reason they aren't is because we have fractional reserve banking, meaning they don't actually bank that money. Given that this is the government's fault, I don't see why depositors should pay the price. I also think heads should roll. But that's kind of a different thread.

Also I can't imagine anyone was getting much of anything on cash deposits. Even with government interest rates at non-zero the ones banks are paying out on savings are still basically zero.

[ - ] Prairie 0 points 1 yearApr 11, 2023 05:45:02 ago (+0/-0)

How would they pay interest if they didn't loan your money out? Or other things they do (invest etc.) to grow money. Thus, there is risk that can differ between banks. The depositor shouldn't be shielded from this, or at least should have to pay more to insure their money in a more risky bank.

Given that this is the government's fault, I don't see why depositors should pay the price.

Fair point.

[ - ] yesiknow 0 points 1 yearApr 10, 2023 12:04:12 ago (+0/-0)

It appears their plan to destroy industrialized nations is working out just great for them.

[ - ] FreeinTX 0 points 1 yearApr 10, 2023 09:38:00 ago (+0/-0)

As we've seen. The deposits are insured.

[ - ] deleted 1 point 1 yearApr 10, 2023 09:45:43 ago (+1/-0)

deleted

[ - ] FreeinTX 1 point 1 yearApr 10, 2023 09:51:33 ago (+1/-0)

And then some.

[ - ] FuckShitJesus [op] 0 points 1 yearApr 10, 2023 09:44:22 ago (+0/-0)

You may be right. Are ALL the banks in the "in" crowd?

[ - ] FreeinTX 0 points 1 yearApr 10, 2023 09:53:34 ago (+0/-0)

Do they have a window at the fed?

I'm sure the fed will engage in some picking and choosing, but for the most part, extremely rich people will not be robbed of their wealth when the taxpayer can be used to bail them out through austerity.

[ - ] FreeinTX 0 points 1 yearApr 10, 2023 09:54:05 ago (+0/-0)

Do they have a window at the fed?

I'm sure the fed will engage in some picking and choosing, but for the most part, extremely rich people will not be robbed of their wealth when the taxpayer can be used to bail them out through austerity.

[ - ] bonghits4jeebus 0 points 1 yearApr 10, 2023 18:52:28 ago (+0/-0)

Not really necessary here. All they have to do is basically monetary magic to take over the bank and let every get their deposits out. Austerity is a decrease in budget. Fed actions don't come out of that.