Being insured by the gov for up to a certain amount will not solve the default issue (this is what crypto.com is pretending with their eerily similar worldwide protection thing), it was made to save poor people from complete ruin, not protect your savings.
If you re retiring and expect the bank to be good on a million $ worth of some sort of instrument, you're fucked minus 250k.
And this is totally fine: you re compensated for a low risk of default when you lend to your "savings account" and must accept this could happen. There s no way to make money waiting doing nothing risklessly. Creeptards know that well, they all in on wind, there s no worse risk.
If you re retiring and expect the bank to be good on a million $ worth of some sort of instrument, you're fucked minus 250k.
And this is totally fine: you re compensated for a low risk of default when you lend to your "savings account" and must accept this could happen. There s no way to make money waiting doing nothing risklessly. Creeptards know that well, they all in on wind, there s no worse risk.