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Silent Type

(12,412 posts)

7. Think it's safe, until people lose confidence in government. At that point, better have gold buried out back.

Reply to usedtobedemgurl (Original post)

Sat Feb 15, 2025, 05:21 PM

Feb 2025

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Is our money safe in banks? [View all] usedtobedemgurl Feb 2025 OP

No Big Blue Marble Feb 2025 #1

No. Not anymore. I plan to move CousinIT Feb 2025 #2

What makes you think that is any better? MichMan Feb 2025 #4

Well, at least the governance and deposit insurance are different Susan Calvin Feb 2025 #5

Besides not supporting a damn big bank, deposits are insured by a different entity than FDIC. Nt CousinIT Feb 2025 #21

I use a local small community bank MichMan Feb 2025 #22

A credit union is more unlikely to make risky investments with depositors money. Liberal In Texas Feb 2025 #62

I guess my local community bank with $1.1 billion in deposits and 13 branches is risky and gambling with my money MichMan Feb 2025 #64

Credit unions are also covered by the FDIC. mountain grammy Feb 2025 #49

I believe credit unions are covered by a similar but different agency - the NCUA. alwaysinasnit Feb 2025 #53

Yes you are correct mountain grammy Feb 2025 #54

... alwaysinasnit Feb 2025 #55

That's not true... SnoopDog Feb 2025 #57

Hasn't there already been a plan of getting rid of the FDIC? Attilatheblond Feb 2025 #3

Have they? Is that one of the agencies they cut employees on already? usedtobedemgurl Feb 2025 #10

So far, seems the FDIC is still viable, but Trump's masters want banking de-regulated, so maybe a matter of time? Attilatheblond Feb 2025 #12

Thank you. usedtobedemgurl Feb 2025 #14

You are most welcome. We will survive with each other's help in the coming years. Attilatheblond Feb 2025 #18

Thank you. usedtobedemgurl Feb 2025 #33

Most of us humans are missing out on common sense in one form or another lostnfound Feb 2025 #31

DUers are, indeed, very awesome. usedtobedemgurl Feb 2025 #42

do NOT do that "trusted friend thing" Skittles Feb 2025 #28

Ordinarily, I wouldn't but this friend is truely a good friend and I trust completely Attilatheblond Feb 2025 #38

I still advise against it Skittles Feb 2025 #40

I'm seconding the "trusted friend" thing. Esp if you're a woman and it's a male. CousinIT Feb 2025 #68

You KNOW what will happen if they get that surname thing through jmowreader Feb 2025 #44

I never married or changed my name Meowmee Feb 2025 #60

There is ZERO chance of that law passing Wiz Imp Feb 2025 #61

If you wake up to an account balance of zero Frasier Balzov Feb 2025 #6

I guess we need fo print out banking statements now. usedtobedemgurl Feb 2025 #8

That reminds me, I MUST get accounts with the 3 major credit reporting companies & put a freeze on any new accounts Attilatheblond Feb 2025 #15

Think it's safe, until people lose confidence in government. At that point, better have gold buried out back. Silent Type Feb 2025 #7

Do you think the dollar will! Totally collapse? usedtobedemgurl Feb 2025 #9

My opinion for what it's worth sweetapogee Feb 2025 #13

I value the opinions of folks on this board. usedtobedemgurl Feb 2025 #16

The dollar isn't going anywhere radius777 Feb 2025 #48

for the foreseeable future sweetapogee Feb 2025 #63

No way is it safe KT2000 Feb 2025 #11

Abolishing the FDIC would likely trigger a run on the banks - Ocelot II Feb 2025 #17

Didn't trump just make one of his lackeys in charge of all credit unions? usedtobedemgurl Feb 2025 #23

No, but the shutdown of the CFPB leaves some regulatory uncertainty Ocelot II Feb 2025 #35

Thank you! We have three accounts with the credit union. usedtobedemgurl Feb 2025 #37

I read they were getting rid of that safety net. When trump won I decided to take my 300k LizBeth Feb 2025 #19

Do you have a link about getting rid of it? I need to follow that story. usedtobedemgurl Feb 2025 #24

Google is just showing conversation about it, quick perusal. But down below there is LizBeth Feb 2025 #47

I assume it paid off the condo? usedtobedemgurl Feb 2025 #27

Exactly. It bought the condo lowering monthly expenses as much as I can, protect money LizBeth Feb 2025 #46

It depends on what information Musk's computer raiders got and what they do with it. Botany Feb 2025 #20

I like YOUR acronym for DOGE. usedtobedemgurl Feb 2025 #25

Please feel free to use it. Botany Feb 2025 #51

I prefer "Department of Government Evisceration" LudwigPastorius Feb 2025 #67

I'm not at all paranoid my savings are going to be stolen MichMan Feb 2025 #26

I am only worried about social security usedtobedemgurl Feb 2025 #30

Musk needs every cent to go to Mars. Blue Full Moon Feb 2025 #34

Hope he goes and stays there. usedtobedemgurl Feb 2025 #43

He can leave on one of his rockets right now Blue Full Moon Feb 2025 #45

Hell no... Lovie777 Feb 2025 #29

Problem is direct deposits, no checks. Almost like this was planned. Blue Full Moon Feb 2025 #32

Not trying to be dumb.... usedtobedemgurl Feb 2025 #36

I've ALWAYS had what little $$$ I have, in local or regional Credit Unions. a kennedy Feb 2025 #39

I switched over my checking account to a Credit Union a few years ago. But why would Scrivener7 Feb 2025 #56

"What ALWAYS worked" may end before we know it. Sadly. Tbear Feb 2025 #59

Here is snopes UpInArms Feb 2025 #41

No. ForgedCrank Feb 2025 #50

If all the banks fail madville Feb 2025 #52

I don't know Meowmee Feb 2025 #58

The S&L Crisis in the 80s 90s should be a warning ThoughtCriminal Feb 2025 #65

For now, but the party is just getting started. LudwigPastorius Feb 2025 #66