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410- Silicon Valley Bank
InvestED: The Rule #1 Investing Podcast
Is There More Than 250,000 in a Bank?
People who deposit money in a bank more than 250,000. Mm-hmm and then all of a sudden you've got a checking account that it's making no money at all because nobody was paying interest anywhere. And people are pulling their money out. First sophisticated people,. then gradually they'll be less sophisticated people. They'repulling their money out and putting it somewhere safe. But the only real good banks can do is to raise the amount of money it's willing to pay you. That's what has happened with this case. It doesn't mean things aren't going to change over time.
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