The FDIC, Infinite Insurance, and Moral Hazards (Feat. Rohan Grey)
Crypto Critics' Corner
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The FDIC and the Sweep Accounts
The FDIC used to ensure $100,000. That limit got changed after the great financial crisis. It got moved up to a $250,000. And that's just for an individual account. You can spin up multiple accounts at multiple banks and then you're covered. But there are these hoops and steps that make it more complicated. The complexity is where the power elite begins, right?
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