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Episode 277: Unbank Yourself

TrueAnon

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The FDIC Insured Limit

A lot of tech firms, like you said, and they're keeping large deposits. In fact, so large that about 150 billion out of the 175, at 73 billion in the bank were over the FDIC insured limit. So we're talking about big fucking accounts, right? Yeah. It's literally Roku Etsy. These big companies. Keeping $5 million in like a checking account, a savings account, which is very weird. And for some reason, the economy starts doing really good for high tech people.

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