> E.g. no depositor lost a penny in the financial crisis of 2008 No depositor ha... | Hacker News

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dragonwriter on Nov 12, 2022 | parent | context | favorite | on: FTX faces potential hack, sees mysterious outflows...

> E.g. no depositor lost a penny in the financial crisis of 2008

No depositor has lost a penny in an FDIC insured account (even with total balances above the insurance limit) ever since the FDIC has existed.

rsj_hn on Nov 12, 2022 [–]

Do you have an example of a depositor losing money they stored in excess of this?

Even a single example would do.

dragonwriter on Nov 12, 2022 | [–]

No, I’m saying even with excess balances, no one has lost money in accounts subject to FDIC insurance; there are no examples, it hasn't happened.

rsj_hn on Nov 12, 2022 | | [–]

Sorry, I misunderstood -- thanks!

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