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Reply to "Is a credit union safer than bank? Safer than vanguard?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]No one serious is worried about deposit insurance. Banks are safe. If you want to worry about something, worry about a recession and inflation.[/quote] Bit late for that. Already been happening for years. Banks are not "safe" either. Safer than a mattress in a sketchy neighborhood sure, but not guaranteed in event of financial crashes. [/quote] No, they are literally guaranteed. Guaranteed by deposit insurance. At least up to the limit.[/quote] If the government of the US pays the deposit insurance. That's a big if since January 20th. I'm also interested in OPs question, because I've been wondering if we should just pay off our house instead of keeping money in investments, if Republicans are going to crater the economy yet again?[/quote]
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