Lori Siegel
👤 Speaker
1950
total appearances
Appearances Over Time
Podcast Appearances
Behind the Bastards
It Could Happen Here Weekly 225
And then sometimes that future money doesn't come or doesn't exist.
Behind the Bastards
It Could Happen Here Weekly 225
I'm not torturing you on purpose.
Behind the Bastards
It Could Happen Here Weekly 225
That was my next question.
Behind the Bastards
It Could Happen Here Weekly 225
I think we need to start with what is a bank first?
Behind the Bastards
It Could Happen Here Weekly 225
That part I understand.
Behind the Bastards
It Could Happen Here Weekly 225
Why are they listening to this?
Behind the Bastards
It Could Happen Here Weekly 225
If you already know what this means, go away.
Behind the Bastards
It Could Happen Here Weekly 225
But if I wanted $40,000 out of my, if I had a checking account with $40,000 in it, and they gave me my neighbor's mortgage as a promise, that wouldn't work for me.
Behind the Bastards
It Could Happen Here Weekly 225
And it's insured by the government.
Behind the Bastards
It Could Happen Here Weekly 225
$250,000 FDIC insured.
Behind the Bastards
It Could Happen Here Weekly 225
Yeah, I love that for me.
Behind the Bastards
It Could Happen Here Weekly 225
OK, so far, so good.
Behind the Bastards
It Could Happen Here Weekly 225
Does that work for me at my house?
Behind the Bastards
It Could Happen Here Weekly 225
So the real bank is involved.
Behind the Bastards
It Could Happen Here Weekly 225
The real bank is involved.