>Anons..
>If my money thatโs in the bank is backed by the full faith and credit of the federal government and they default what happens to my money?
๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ
OH SHIT OH SHIT OH SHIT
HERE WE GO
HERE WE GO
>Anons..
>If my money thatโs in the bank is backed by the full faith and credit of the federal government and they default what happens to my money?
๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ๐จ
OH SHIT OH SHIT OH SHIT
HERE WE GO
HERE WE GO
https://www.fdic.gov/resources/bankers/ordering-fdic-signs/images/signfdic.gif
WRONG
โBacked by the full faith and credit of the United States governmentโ
>โBacked by the full faith and credit of the United States governmentโ
So what happens to our money in the bank if the federal government defaults?
>So what happens to our money in the bank if the federal government defaults?
This must be why the stock market is crashing
>Jamie Dimon says US default would be 'potentially catastrophic'
Hopefully nobody panics and pulls out all there cash and there are no bank runs.
Was pretty pissed when everyone panicked and bought up all the gas a few months ago. I got stuck without any gas.
Luckily I have a little bit of cash so Iโm not worried.