If true look for liquidity problems in markets. And if the Stock Market were to tank bigly the hate for Biden would glow. The Volatility bear started growling last week.
All I can say is he better not be the first arrest that shocks the world.
Cash in a bank is insured by FDIC up to 250k per account. The FDIC does not insure money invested in stocks, bonds, mutual funds, life insurance policies, annuities or municipal securities, even if these investments are purchased at an insured bank. Not credit unions either.
Check your brokers coverage. For example.
What is SIPC?
The Securities Investor Protection Corporation (SIPC) is a nonprofit organization that protects stocks, bonds, and other securities in case a brokerage firm goes bankrupt and assets are missing.
The SIPC will cover up to $500,000 in securities, including a $250,000 limit for cash held in a brokerage account.
What is FDIC insurance?
The Federal Deposit Insurance Corporation (FDIC) is a U.S. government agency that insures cash deposits at FDIC member banks, generally up to $250,000 per account.1
https://www.fidelity.com/why-fidelity/safeguarding-your-accounts
I print everything out on paper once a month in case digital platforms vanish overnight.
TY.
Obviously two shots wasn't enough. Go for ten.