03.13.23 SPECIAL EDITION - The Failure of Silicon Valley Bank
The Clark Howard Podcast
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Bank Failures - What the Feds Decided to Do
The feds have used a rare function they can do where they are guaranteeing the deposits past FDIC insurance for an undetermined period of time. There is moral hazard to that and I'll talk about that later. So you can rest easy if you have more than FDIC and limits. And again that's a wealthy individual or it's mostly going to be business operators of many different sizes. The account holders are going to be okay payrolls will be able to be met this week.
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