THE TRUTH ABOUT YOUR FUTURE with Ric Edelman cover image

3/14/23: The Future of Disability in Society

THE TRUTH ABOUT YOUR FUTURE with Ric Edelman

00:00

The Federal Government's Struggle to Protect Banks

The government will reimburse you your deposits up to $250,000. This covers pretty much every consumer in the country. But what about businesses? Businesses routinely have far more money than a quarter of a million. Think about IBM, General Motors, Delta Airlines. These massively valuable companies dealing with hundreds of thousands of employees imagine the size of their payroll account in their bank. That's pretty big bank account and that bank account is not protected by FDIC. So, we want to make sure our banks are safe.

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