The FDIC Is Not Covering the Negatives Up to $250,000

The FDIC ensures the positives up to $250,000 of your money will come back to you. Many depositors in SBB had far more than that in the bank So for instance Roku had $500 million in the bank Treasury Secretary Janet Yellen assured depositors that all their money would be covered. Chris: Before you shed a tear for these executives, these bank executives There's something you should know many of them sold billions of dollars of stock before all this happened And check this out They took bonuses hours before the feds took over the bank so they knew the bank was about to fail.