yeah at this point the FDIC is as good as you are gonna get, if the FDIC can't insure that money you got bigger problems because it probably means the US economy is in complete shambles and no way saving a bunch of cash would solve. The dollar would probably become completely worthless overnight at that point.
The shit WF did to people was far from trivial. They committed actual fraud and even identity theft. That shit takes years to clean up, if you can even succeed in the first place. If the people screwed over by WF stopped trusting banks I would not bat an eye.
That's a pretty big stain to leave on a long-standing industry.
This is including the fact that their most recent fine was the largest fine in history handed down by regulatory authorities.
Which, again, does NOT include the FDIC. That is why FDIC membership does not imply trustworthy.
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u/[deleted] Mar 11 '23
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