Quote:
Originally Posted by LEAKYSEALS951
I'm going to ask an honest dumbarse question-
Ok. so- local credit unions have some plusses.
That said, is there any benefit to hanging onto a big POS bank for the idea of "too big to fail"?
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I used to work for one that evolved into one deemed "too big to fail" (after I left) .... but it did
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And that was my 2nd rodeo ... my first was a Pacman bank when banking was deregulated and all both did for years was buy smaller (sometimes larger) banks and grow, grow, grow ..... and those smaller entities were often "better" in every way (for their customers). One is half of WF now and the other a huge chunk of BOA.
I am NOT a banker ... nor do I need one ... CU later
Don't keep more than $250K in whatever you opt for and sleep well .... FDIC.
Banks of all sizes can fail....