OohPooPahDoo
Gold Member
A few reminders on the consequences of a U.S. default:
1) The Federal Depository Insurance Corporation (FDIC) has almost all of its funds invested in U.S. Treasuries.
2) Without these funds, most bank account would not be insured against the bank's failure. This means YOUR bank account.
3) I will be in line at the bank before you.
Treasury Secretary to Congress: U.S. to Hit Debt Ceiling in October | TIME.com
1) The Federal Depository Insurance Corporation (FDIC) has almost all of its funds invested in U.S. Treasuries.
2) Without these funds, most bank account would not be insured against the bank's failure. This means YOUR bank account.
3) I will be in line at the bank before you.
Treasury Secretary to Congress: U.S. to Hit Debt Ceiling in October | TIME.com