"The smart people are elbowing the dumb people out of the way for this," he says. "There's almost no chance it's going to fall apart." He adds that $250,000 is too low as a guarantee on deposits in an emergency. The banking system will be protected because we have the ability to protect it, and now the smart people are going to make it happen.
My new book LOSERTHINK, available now on Amazon https://tinyurl.com/rqmjc2a
Find my "extra" content on Locals: https://ScottAdams.Locals.com
Content:
- Bill Maher reframes DeSantis out of 2024
- SVB, Silicon Valley Bank situation
- Mark Cuban on FDIC 250,000 protection limit
- USA Today compares Maine to Baltimore
- Whiteboard1: The Great Reframe
- Whiteboard2: Cause vs. Solution
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