4/5/23: Is my Cash Still Safe at my Bank?
THE TRUTH ABOUT YOUR FUTURE with Ric Edelman
00:00
How to Compare Money Market Funds
In the three weeks since the feds shut down Silicon Valley bank, depositors have withdrawn $300 billion and move that money to money market funds. There's now over $5 trillion in money markets all over the country compared to $20 trillion in banks. These things look like bank savings accounts, but they're not issued by banks. They're issued by mutual fund companies. That means there's no FDIC to protect you.
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