return2ozma@lemmy.world to Asklemmy@lemmy.ml · 5 months agoWhat would happen if everyone with credit card debt collectively stopped paying them?message-squaremessage-square32fedilinkarrow-up196arrow-down13
arrow-up193arrow-down1message-squareWhat would happen if everyone with credit card debt collectively stopped paying them?return2ozma@lemmy.world to Asklemmy@lemmy.ml · 5 months agomessage-square32fedilink
minus-squareTrigger2_2000linkfedilinkarrow-up3·5 months agoPretty sure FDIC (Federal Deposit Insurance Corporation) is for deposits only, not debts. The politicians would never let their donors suffer.
minus-squared00phy@lemmy.worldlinkfedilinkEnglisharrow-up3·5 months agoTrue, I was mainly responding to folks talking about banks going under and people “losing everything.” The FDIC was specifically set up to avoid that happening again.
Pretty sure FDIC (Federal Deposit Insurance Corporation) is for deposits only, not debts. The politicians would never let their donors suffer.
True, I was mainly responding to folks talking about banks going under and people “losing everything.” The FDIC was specifically set up to avoid that happening again.