Comments by "TeeKay" (@teekay_1) on "Host Goes Quiet as Fmr Govt Official Admits the Truth About Banking Crisis | DM CLIPS | Rubin Report" video.

@hirokomlm131 But it will be the people who live with nature and simply want to be left along that will be punished. It's how governments work.
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@wesjones6370 Again, it's only an FDIC mandate up to $250K per depostior. Once it goes over $250K it requires congressional approval, otherwise the FDIC is going against it's charter. The FDIC guaranteed every bit of money at SVB. So please stop saying this over and over. You're just wrong.
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@eneveasi That's the bank's fault and the depositor's not the taxpayer's fault Every person with an IQ above room temperature knows you don't put more than $250K in any bank, and if you do, you need to understand their finances. If you're a big company you need to monitor the condition of every bank you have millions of dollars in.
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The question is the answer.
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@wesjones6370 FDIC only guarantees 250K per person (effectively). What the federal government did was say "We'll guarantee every bit of money, even if you have a lot more than $250K in the bank. So yes, the taxpayers will pay for people with millions in a bank account in SVB.
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@blockchainbreakdown2009 They're not risky in the sense that the underlying asset goes away. But they are risky if you dump all your money in to investments paying 1.3% and then the fed raises prime to 4.5%
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