The FDIC’s favorite line is true: no insured depositor has lost a penny since 1934. In March 2023 that line needed an asterisk.
SVB, Signature, and First Republic failed inside weeks. The $250,000 cap was overridden by a systemic-risk exception.
Most of the ~$18.7 billion hit to the Deposit Insurance Fund came from covering deposits above the limit. GAO had flagged both SVB and Signature since 2018.
The OIG later said the agency wasn’t ready. The response since has been to loosen merger review, not tighten supervision.
The cleanest government-corporation design in the set still became an implicit guarantee the week it was tested at the speed of a group chat.
Veterans and civilians alike are invited to join us in Nashville, Tennessee for two days of practical learning, thoughtful discussion, and community-building alongside people who are serious about freedom, resilience, and real-world readiness.
Welcome to the @Bitcoin Veterans Summit 2026.
Hey, #nostr fam!
I’ve been on a streaming support kick lately on @Fountain. What started with podcasts has expanded into the music.
I now have a playlist of all my favorite artists and songs that I listen to all day. If you’re on my list, I’m streaming to you!
Value for value…that’s what this about right?? That’s what strengthens our community, and I am 100% on board now.
@Contra@𝕾𝖊𝖗 𝕾𝖑𝖊𝖊𝖕𝖞 @NumberGoExp, you’re my latest list additions…Keep killin’ it!
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I was orange pilled late last year, and this episode covers the ground that it took me months to learn on my own.
If you’re new to Bitcoin, please listen!