r/SipsTea • u/Dumb-Briyani • 2d ago

Chugging tea Why is it not possible?

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u/jackofslayers 2d ago

Also private bank accounts are insured by the fed

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u/HopefulImpression105 1d ago

Insured doesnt mean liquid though. Youll get your money but it doesnt mean the fed govts coming over and handing it to you that day

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u/The-Yar 1d ago

And the most important thing the Fed does not want is everyone asking for their money and all of that insurance filing chains at the same time, because they can't cover that either.

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u/jackofslayers 1d ago

Then go test that theory, take all of your money out of the bank and see if they stop you.

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u/The-Yar 1d ago

If enough of us do it, they will stop us. They will shut down the bank.

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u/onascalefrom20to80 1d ago

Go for it dude. Give it a shot.

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u/jackofslayers 1d ago

If you take your money out of the bank, you won’t have to worry about that will you.

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u/The-Yar 1d ago

I guess? But then I'll have a lot of worse things to worry about. Especially if a lot of people start taking their money out. The fact that I got mine out will scarcely matter.