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Joined: Jan 2002
Posts: 12,879 Likes: 5
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Jan 2002
Posts: 12,879 Likes: 5 |
With all the hoopla about SVB and the other banks teetering on one side of failure or the other, lots of talk about deposit insurance.
Which begs the question: can you buy deposit insurance on the private market? Other than a bespoke policy from someone like Lloyds?
Sic Semper Tyrannis
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Joined: Dec 2019
Posts: 3,043 Likes: 5
Campfire Tracker
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Campfire Tracker
Joined: Dec 2019
Posts: 3,043 Likes: 5 |
If you paid someone to take your risk, wouldn’t they also expect to take your yield? That would seem to negate the concept of an investment. Otherwise, what would be in it for them?
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Joined: Jan 2002
Posts: 12,879 Likes: 5
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Jan 2002
Posts: 12,879 Likes: 5 |
A premium. Just like car insurance.
Sic Semper Tyrannis
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Joined: Mar 2020
Posts: 587
Campfire Regular
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Campfire Regular
Joined: Mar 2020
Posts: 587 |
I have owned "brokered" CD's bought thru Fidelity, the Bank went broke & the money was replaced before I KNEW the money was gone !!!!!
"not too grumpy"
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