Does the FDIC guarantee even mean anything when all Federal agencies are being gutted, and no one can expect to be compensated? With what Trump and DOGE are doing to the Treasury, and the moves they’re making both foreign and domestic, ripping up the Democratic system of Checks & Balances, and tearing asunder the post War world order over the objection of nuclear armed European nations.
FDIC insured up to $250,000 per account. So it’s mainly the little guys who enjoy the protection. FDIC did make all accounts even those over $250,000 whole.
But yes if the Orange Baboon and Electric Hitler decide to fuck with the FDIC I would pull the bulk of my funds and look for offshore safe havens.