"Yes some banks are FDIC approved, but do you realize how bad that could hurt the economy if too many banks had to hit on the FDIC if/when they collapse."
It's already happened. Did you forget about the massive federal bailout a few years back?
"Yes some banks are FDIC approved, but do you realize how bad that could hurt the economy if too many banks had to hit on the FDIC if/when they collapse."
It's already happened. Did you forget about the massive federal bailout a few years back?