Monday Late Night News & Opinions @ 11:20 PM MST - 5/18/2026

[ronscarpa]

REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON 

 

 

5-18-2026  Thom  Question: ["If banks only insure $250,000, you're certainly not gonna set up hundreds of accounts to keep it insured.  What banks will take millions and keep it insured?"] This is an excellent question. When I used to meet with my previous wealth advisor at Chase Private Client, I asked her this and she said that there are different tiers of banking,  especially for high net worth individuals. Like you would need a minimum of $5M to even qualify. Next time you are at the bank, ask to sit down with the branch manager or premiere banker and ask them what they offer. (Dumb answer)see reply..!

 

 

[ronscarpa]

FACT: If you are looking for how much the FDIC covers on your personal accounts, standard coverage is up to $250,000 per depositor, per insured bank, for each account ownership category.

 

The FDIC's Deposit Insurance Fund maintains a statutory Designated Reserve Ratio (DRR) of $2.00 per $100 of insured deposits. 

 

To get a clearer picture of how this works, consider the following details:

• The Target Ratio: By law, the FDIC is required to hold a reserve minimum of $1.35 per $100 of estimated insured deposits. To maintain a healthy buffer, the FDIC's Board of Directors keeps the actual target ratio (the DRR) at 2.00%, or $2.00 per every $100 insured.
•  
• Actual Fund Balance: Because the fund is calculated based on systemwide insured deposits, the actual dollar amount in the fund naturally fluctuates. On a dollar-for-dollar basis, the FDIC officially maintains roughly $1.28 to $1.35 of readily available funds for every $100 in total insured deposits - as it works to reach it's ultimate $2.00 per $100 goal.
•  
• Backup support: If the fund were to be depleted during a major systemic crisis, the FDIC has statutory authority to borrow up to $100 billion from the U.S. Treasury to cover insured losses.

Now comes the real problem:

 

In total, the FDIC insures over $100 Trillion in deposits nationwide. 

 

The total pool of funds the FDIC actually holds to cover potential bank failures is called the Deposit Insurance Fund (DIF), which currently stands at $140.9 Billion. Even adding $100 billion from the U.S. Treasury to cover insured losses, the maximum available to cover the over $100 Trillion in insured deposits is actually $240.9 Billion. That's far short of what is actually needed - Savers would only get back approximately $2.41 or less per $100 of their savings in the event of a total financial collapse.

 

We loose and the banks win, AGAIN..! 

 

I thought everyone that keeps money in bank accounts might find these facts very eye opening. Have most of your cash invested in solid commodities that will increase substantially should a financial collapse occur. Hope this helps - RON