💡 Your Infinite Banking policy isn’t FDIC insured… and that’s exactly how I want it. Here’s why 👇 These policies are issued by A-rated, mutually owned insurance companies that must hold 100% reserves for every dollar they guarantee. Meanwhile, the FDIC promises to cover up to $250K per depositor… but only has 1.28% in reserves to actually back that promise. Let’s put that in perspective: If you bought a $500,000 home and only insured it for $5,000, the bank would never allow it. But that’s bas
FacebookErica Neal
💡 Your Infinite Banking policy isn’t FDIC insured… and that’s exactly how I want it. Here’s why 👇 These policies are issued by A-rated, mutually owned insurance companies that must
Erica Neal. . 💡 Your Infinite Banking policy isn’t FDIC insured… and that’s exactly how I want it. Here’s why 👇 These policies are issued by A-rated, mutually owned insurance companies that must hold 100% reserves for every dollar they guarantee. Meanwhile, the FDIC promises to cover up to $250K per depositor… but only has 1.28% ...
74 views1 month ago
Federal Deposit Insurance Corporation FDIC Explained
FDIC proposes deposit insurance reforms in wake of bank failures
FDIC proposes deposit insurance reforms in wake of bank failures
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Sheila Bair, Former Federal Deposit Insurance Corporation (FDIC) Chair compares Sam Bankman-Fried and the FTX collapse with Bernie Madoff. | Yahoo Finance
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Sheila Bair, Former Federal Deposit Insurance Corporation (FDIC) Chair compares Sam Bankman-Fried and the FTX collapse with Bernie Madoff. | Yahoo Finance
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Sheila Bair, Former Federal Deposit Insurance Corporation (FDIC) Chair says crypto could ‘go away tomorrow and we’re not going to feel any impact on the real economy.’ | Yahoo Finance
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Sheila Bair, Former Federal Deposit Insurance Corporation (FDIC) Chair says crypto could ‘go away tomorrow and we’re not going to feel any impact on the real economy.’ | Yahoo Finance
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