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submitted 2 days ago by [email protected] to c/[email protected]

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CNBC spoke to a dozen customers caught in the Synapse fintech predicament, people who are owed sums ranging from $7,000 to well over $200,000.

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[–] [email protected] 3 points 1 day ago (1 children)

The FDIC coverage wouldn’t be what they would be worried about. They wouldn’t have their accounts much above FDIC limits.

My point is that the FDIC serves to prevent a banking crisis that would limit their ability to liquidate their assets and realize their wealth

[–] [email protected] 1 points 1 day ago

Ah gotcha, that makes sense. Thanks.