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Why are you happy for the employees? They took a risk working for a company that was depositing more than what was covered by fdic.



The same way I feel bad for someone who is at fault in an accident and gets hurt. I don't like seeing bad things happen to people or see people suffer. Those employees who work for these companies don't have a lot of say where the company keeps their money.


The companies who deposit money in these banks don't have a lot of say where the bank invests their money.


Are you aware of how your employer’s cash and assets are held?


Are you aware of how your bank's cash and assets are invested?


Genuine question but if a company has 10 million where or how do they deposit it for it to be insured?




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