The rug is about to be pulled and FDIC will not save your ass. via /r/wallstreetbets #stocks #wallstreetbets #investing


The rug is about to be pulled and FDIC will not save your ass.

A lot of you out here only have about $1000 left invested in the market after all the YOLOs that went up in smoke. Some of you have spoken with Marge already, so you don’t need to worry about anything if you are one of them.

Everyone and their moms like to throw those flashy words that every investor is protected by FDIC up to $250,000 and your money is safe with Uncle Sam. Okay, maybe..

But what they forget to tell you is that FDIC only has $123 billion in funds to save yo ass while the amount of FDIC-insured deposits out there is $19 TRILLION.

https://www.fdic.gov/analysis/quarterly-banking-profile/

Let me grab that calculator for you.. I may be retarded but they are telling you that they will insure your deposits while having 0.06% of the total in federal deposit insurance reserves.

So, in other words, you r fuk if you don’t take any money off the table and put it into something tangible. But until then, get that last $1000 into the next YOLO suggestion and hope for the best

Submitted April 07, 2022 at 05:14PM by lostmypeachshorting
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