Some Americans Transfer Their Money to Larger Banks Despite Assurances It’s Safe



Meanwhile, new data shows that inflation appears to be slowly cooling, but still nowhere near the Fed’s target of 2.2%. WATCH the live stream of ABC News here: https://www.youtube.com/watch?v=w_Ma8oQLmSM SUBSCRIBE to ABC NEWS: https://bit.ly/2vZb6yP Watch more at http://abcnews.go. com/ LIKE ABC News on FACEBOOK https://www.facebook.com/abcnews FOLLOW ABC News on TWITTER: https://twitter.com/abc #ABCNewsLive #Inflation #FederalReserve #Banks

Original source (ABC/Youtube)

31 comments

  1. The elites knew this was going to happened. Next thing you know, Chase will fall. I know to not do this because everyone is doing it. I would recommend putting money in multiple small mom and pop banks.

  2. She talks too fast which is red flag

  3. What do you think is more dangerous, keeping your money in a bank and risk the bank goes under or keeping your life savings in cash under your bed. Someone breaks into your house while your at work and your life savings disappears with no FIDC to get it back. Home insurance has a limit to how much cash they insure and its a lot less than 250k.

  4. I got 2000 in account, I don't even care. lol

  5. It doesn't matter. As long as you're under 250k, you're safe. And most people don't have more than 300 savings for emergencies, so.

  6. Now the same interset rate risk is shifting to bigger banks from smaller ones. Good for the small banks to some extent considering present situation hoping it doesn't escalate to bank run. Good banks generally have better hire so they can manage your money better.

  7. when they tell you "it's safe. Don't panic.."
    you know what to do 😉

  8. The night before the collapse.

  9. Your money is not safe. Your money is not secure.

  10. Gotta love the media acting like everyone got screwed by this…. Imma guess 95% of Americans don't have 250k in the bank so they'd be fine.

  11. It's all the paperwork begging for your money back in the UK I went through this what a pain took nearly a year of begging for my own money

  12. If the Tech people didn't freak out and make a run on all these banks everything would have been fine. But we do need our Regulations back on these banks.

  13. Print more money and drive inflation higher! Fed needs to cut rates so inflation can keep rising!

  14. China and Russia must be loving this panic. SVB would have been just fine if they didn’t have to sell their Treasury bonds at a loss. Maybe they started the rumors in the first place. Maybe their trolls are advising you to take your money out and keep the panic going.

  15. Strange to push an idea on people 🤔

    Yes it's safe to move to the biggest corrupt banks! Yes yes yes Put all your money in chase, wells Fargo..

    Have to be safe the media Said so..

    I learned in 2010 banks are not safe..

    My money is in the "scarry crypto" but at least I always have access to it.. no control by government or ..

    Banking system has been broken as its run by corruption/ government..

  16. rich people getting bailed out

  17. Government keeps borrowing and voters keep putting their heads in the sand. 30 trillion and rapidly climbing. The US is twice over in debt as compared to Mexico as a percentage of GDP. Unlike the saying they can’t grow money on trees.

  18. WHY would any bank tell their clients, “Hey, we’re about to go under.” 🤷🏼‍♀️ Meanwhile, cashing their own checks at another bank. 😎

  19. But that's not what happened FDIC is worthless now. The rules have changed.

  20. i love my Credit Union

  21. Same message just before the crash 1929
    My family lost everything.
    Bankers kept saying the banks and savings and loans..
    Yes, I believe in the warning signs.

  22. So this is what happens when big media is controlled by big banks. Then we do a horrible job teaching our youth about stocks, loans, taxes, credit, why this effects even if your poor, why you should know what apr%, property values, investments in gold silver, ect… we just teach how to be customers and go to college, do your job, and go home. We need to Change our EDUCATION SYSTEM, SCHOOLS ARE FAILING!.

  23. Is it just me who thinks how wonderful to be a bank and run a shady business pushing their risks to limits that no sane person would because they know if I lose it all there is a bail out waiting to save me.
    I would be a billionaire to if I could take those kind of risks knowing I’d get all my investments back

  24. The programming is real haha

  25. Hey its freedom wat ever america want move thier saving, F media

  26. I lost money investing last year, can I get a bail out?

  27. Jp morgan shall have to think about the word CHASE in their name during these hard times- where will the customers chase if they are down

  28. it won’t matter…especially when capital controls hit

  29. Start of the forcing of "nationalizing" the banks???? Watch carefully.

  30. Don't trust your gambler with your money 💰
    👁️ Look out

  31. American taxpayers did bail out these banks despite what Biden said. The fact that Roku, Roblox, and Etsy mean more to Biden than the cost of living for the American people should say volumes. These companies amongst others are getting a full bailout and the message to other banks. Screw up make bad decisions cause Uncle Sam will bail your customers out.