No, it is the minimum , maximum, and only insurance the FDIC provides. Banks can and do get private insurance beyond that.
And stop acting like any uninsured money evaporates in a bank failure.
Actually probably just stop talking about banks. This whole thread is an embarrassment of “smart people with strong opinions about things they have zero knowledge about”.
And stop acting like any uninsured money evaporates in a bank failure.
Actually probably just stop talking about banks. This whole thread is an embarrassment of “smart people with strong opinions about things they have zero knowledge about”.