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#1142 Michael Shellenberger | Bitcoin Debate
The Pomp Podcast
How Many Consumers Lost How Much Money From Bank Failures in 2008?
In 2008, there was 25 bank failures in the U.S., according to FDIC.gov. If you have more than $250,000 in one account, you lost in the bank went bankrupt. I think it goes back to this Cyprus example, which is, if you have more of an account and FDIC isn't covering the additional amount, to some degree, you made a mistake,. It's your fault whether you think you made the mistake or not. There's a personal responsibility.
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