Mandi Money is here to breakdown the silicon valley bank collapse and if we should be concerned or not! Mandi breaks down what FDIC insurance is and how that protects us from losing our money in banks. She goes on to explain that the wealthy investors in Silicone Valley are taking a big risk by keeping more money in SVB that is insured by the FDIC. Mandi assures us that as long we keep under 250k cash limit in our checking account, we are safe!
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