Social media and banking apps that are just more efficient are actually the risk of the system. The fact that we have two mismatched systems, our communication system is mismatched with our banking system. If you're a depositor, the government protects you. How about this for banks? I don't think that having $250,000 limit that's really a strict limit and you really stick to it will incentivize bad behavior.
My new book LOSERTHINK, available now on Amazon https://tinyurl.com/rqmjc2a
Find my "extra" content on Locals: https://ScottAdams.Locals.com
Content:
- Banks incentivizing bad behavior
- Facebook employees down 25%
- US Reaper drones fly over Black Sea?
- San Francisco reparations update
- RFK Jr. on manipulation of Americans
- Things being said about SVB
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