The Wealth Without Wall Street Podcast cover image

Banks Failing? What Should I do Now?

The Wealth Without Wall Street Podcast

CHAPTER

The Risks of Bankruptcy

"I am the worst drawer. But because I have that, it's simplified my life to be able to make financial decisions immediately," he says. "Here's where we just, we understood what the risk potentially was": What happens if this bank files for bankruptcy? And why would they go to whoever the collateral assignment is against it before they could give us the owner of the insurance contract access to any more money?"

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