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re: If people cannot trust the banks to put cash will they not move it to the markets?
Posted on 3/13/23 at 8:15 am to Bard
Posted on 3/13/23 at 8:15 am to Bard
quote:
Also, people are insured up to $250k. How many people do you know who have more than $250k in a bank?
I would guess that the majority of wage earners have their money tied up in their employer's payroll account with over $250,000.
So in the sense that they may not get paid on a Friday, a good many more people than you are giving credit to.
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