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14
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posted 3 years ago by ghost_of_aswartz 3 years ago by ghost_of_aswartz +14 / -0
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▲ 4 ▼
– brahbruh 4 points 3 years ago +4 / -0

Investments and insurance has never been FDIC or SIPC insured. This is just a standard disclaimer that's been in banking for decades.

That said... IMHO, Wells Fargo is trash.

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▲ 2 ▼
– deleted 2 points 3 years ago +2 / -0
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– RentFreeCrisisAct 2 points 3 years ago +2 / -0

Are they revoking FDIC or am i misunderstanding it?

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▲ 4 ▼
– King_of_Crazy 4 points 3 years ago +4 / -0

A notice that "YOUR" imoney s not secure, safe, protected anymore.

Watch out for that bail in!

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▲ 2 ▼
– Helloworld0 2 points 3 years ago +2 / -0

They recently stole Wendy Williams's fortune as well.

https://news.yahoo.com/wendy-williams-still-barred-accessing-154636368.html

There is a huge scam system in California and NY where you can just be declared incompetent and have everything stolen, all your rights removed.

That happened to Britney Spears (she is still in a mini Conservatorship and will never be free given the amount of money involved... she would have been a billionaire just from perfume sales.). Wendy Williams supported Britney, said Jamie Spears should burn in hell and then suddenly Wendy's show was canceled.

Some actor of Jackass... Bambam? Is also a kind of weird prisoner. I havent really followed how they trapped him though

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– RentFreeCrisisAct 1 point 3 years ago +1 / -0

So they ARE saying that? Wow.

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– King_of_Crazy 1 point 3 years ago +1 / -0

Indeed.

I dropped WF 2 years ago.

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– repeatoffender 3 points 3 years ago +3 / -0

Investment products are not FDIC insured at any bank/brokerage. FDIC insures your checking and savings account. If you buy stocks and bonds through WF, those are assets you own which they hold in your name. I don’t think you lose those if WF goes out of business the way you can lose cash deposits.

This disclaimer that “investments” are not FDIC insured is the same at every bank I’ve used.

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– deleted 1 point 3 years ago +1 / -0
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– Mad_King_Kalak 1 point 3 years ago +1 / -0

Only for investments and insurance, but it's always been like this.

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– InfidelCastro11 2 points 3 years ago +2 / -0

Does this include banking? Was it insured or guaranteed before?

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▲ 0 ▼
– King_of_Crazy 0 points 3 years ago +1 / -1

Was, (past tense).

There is no FDIC protection.

GET OUT OF WF NOW!

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– deleted 1 point 3 years ago +1 / -0
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– deleted 1 point 3 years ago +1 / -0
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– Cheesemaker 1 point 3 years ago +1 / -0

Isn't this referring to their investment and insurance products and not their banking services? Investment products and insurance products have never been FDIC insured...

This post looks like nothing unless I'm missing something...

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▲ 1 ▼
– RentFreeCrisisAct 1 point 3 years ago +1 / -0

Even with all of the economic well wishers on here, my trust in banks remains minimal at best.

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