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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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56205612 No.56205612 [Reply] [Original]

Or would a bank run during a government shutdown be absolutely disastrous?

>> No.56205624

>>56205612
it's fine, the banks can just call the mint function

>> No.56205711

>>56205624
How to you mint when the mint is shut down?

>> No.56205771

>>56205711
the Fed won't be shutting down

>> No.56206083

>>56205612
The Fed funds its own operations

>> No.56206120

>>56205612
Not a big deal. They will just margin call all the HELOC loans and things will be ok

>> No.56206127

The FDIC is an independent agency of the United States government, and it has its own funding source. This means that the FDIC is not dependent on congressional appropriations to operate. I'd still pull out now if you haven't though because you're gonna see some shit in the next few months. Trust me

>> No.56206159
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56206159

>>56205612
>FDIC
Can only cover something like 1 or 2% of accounts. So it does not matter.