My personal idea of a safe investment right now is FDIC insured online savings accounts. There are several that offer APY of 4% or higher right now. Your cash there could hardly be more liquid.
My personal idea of a safe investment right now is FDIC insured online savings accounts. There are several that offer APY of 4% or higher right now. Your cash there could hardly be more liquid.What would you recommend as safer investments outside that US market right now?
Unless DODGE raids the FDIC.My personal idea of a safe investment right now is FDIC insured online savings accounts. There are several that offer APY of 4% or higher right now. Your cash there could hardly be more liquid.
Couple of new polls today showing Trump approval dropping like a fucking rock.
I doubt they can and anything eliminating the FDIC would for sure throw the USA into a deep recession that would likely develop into a depression that would last at least until Trump is either dead or in hospice. It would be deeply unpopular. The FDIC is more sacrosanct than SS or Medicare.Unless DODGE raids the FDIC.
We can seen that polls really don't matter when it comes to his support. See 2020 even after a pandemic, he gained votes. His floor will never change.Fake news poll.
They're not necessarily looking to trash FDIC. They want to move it into the Treasury Department to politicize decision making.I doubt they can and anything eliminating the FDIC would for sure throw the USA into a deep recession that would likely develop into a depression that would last at least until Trump is either dead or in hospice. It would be deeply unpopular. The FDIC is more sacrosanct than SS or Medicare.
To date AFAIK there has never been a failure of an FDIC insured financial institution that wasn't backed up by the FDIC to the extent of the limits.
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks.[8]: 15 The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common.[8]: 15 [9] The insurance limit was initially US$2,500 per ownership category, and this has been increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category.[10] FDIC insurance is backed by the full faith and credit of the government of the United States, and according to the FDIC, "since its start in 1933 no depositor has ever lost a penny of FDIC-insured funds".[11][12]
So, they want to corrupt things. Seems to be the R's m.o. these days.They're not necessarily looking to trash FDIC. They want to move it into the Treasury Department to politicize decision making.
Think back to when Silicon Valley Bank collapsed. The FDIC first stepped in to protect against contagion failures (eg, one bank run triggers others). Then, they voluntarily announced that they would cover extended losses (via an assessment charged to banks as part of the FDIC program). Of course, shareholders and management got hosed in the process.
The current gang in charge want to politicize that so they can protect their friends and punish their enemies: like maybe letting a certain set of banks fail more catastrophically, or offering extended deposit coverage to only friendly groups, or helping out management and shareholders and not just depositors.
Yep. There is a large enough chunk that want a kleptocracy. There is another chunk that should know better, but either don't care or are scared for whatever reason (and if the latter, they should fucking resign because they clearly can't stand up for their oathes and do their jobs).So, they want to corrupt things. Seems to be the R's m.o. these days.
They would bring back the good old pre-ACA days if they could.Not sure if this is the best thread, but yesterday CMS made their first move at weakening the ACA. Issued a 2025 Marketplace Integrity and Affordability proposed rule. Makes some pretty big changes...
Yea, I will be able to afford insurance that's just a sad joke.They would bring back the good old pre-ACA days if they could.
And use crypto as the backer.They're not necessarily looking to trash FDIC. They want to move it into the Treasury Department to politicize decision making.
Think back to when Silicon Valley Bank collapsed. The FDIC first stepped in to protect against contagion failures (eg, one bank run triggers others). Then, they voluntarily announced that they would cover extended losses (via an assessment charged to banks as part of the FDIC program). Of course, shareholders and management got hosed in the process.
The current gang in charge want to politicize that so they can protect their friends and punish their enemies: like maybe letting a certain set of banks fail more catastrophically, or offering extended deposit coverage to only friendly groups, or helping out management and shareholders and not just depositors.
We grabbed two of those today. $2500 each @4.26%. 1 for 6 months, 1 for 12 months.My personal idea of a safe investment right now is FDIC insured online savings accounts. There are several that offer APY of 4% or higher right now. Your cash there could hardly be more liquid.
It's confirmation bias. Most people who voted for Trump aren't going to cop to having 2nd thoughts this early on. We're only 50 days since his swearing in, exactly 1/2 way into the legendary first 100 days of a US presidency. 6 months down the road is another matter.We can seen that polls really don't matter when it comes to his support. See 2020 even after a pandemic, he gained votes. His floor will never change.
OK, those are CDs, certificates of deposit that have to be held to maturity or else there's a penalty for early withdrawal. Online savings accounts don't have those stipulations and you can find those with rates that are comparable to that right now. You can get your cash out any time and no penalty, you get all your earned interest.We grabbed two of those today. $2500 each @4.26%. 1 for 6 months, 1 for 12 months.
Best current online savings account near as I could tell from my perspective last week was Bask Bank, whose current APY is 4.35%. APY can change at any time at the discretion of the bank. I get paper statements. It's a good idea to glance at the current APY. A search on best online savings account brings up several sites that compare the accounts.We grabbed two of those today. $2500 each @4.26%. 1 for 6 months, 1 for 12 months.