[Chat Log] Nov-Dec 2019

[Claire Yeon]

So, funny story. Funny to me, leastways.))

 

[Claire Yeon]

I had a new employee start this week, and so my natural tendency to look for teachable moments is super heightened right now. A client was asking about FDIC coverage, and when I got done explaining the options to them, I gave some examples to her using you guys. Specifically, this: "FDIC states that each depositor is insured for $250,000 per depositor, per institution, per ownership type. For example, let's say @Carmen Sandiego and @Chase Devineaux share a joint savings account with $450K in it. They are fully insured for the amount of that account, because each of them is covered up to $250K. After a particularly well-executed heist, the balance in the account goes up to $700K, and so they add @Jacqueline Hyde as a POD beneficiary.))

 

[Claire Yeon]

The account is now insured up to $750K: 250 for each social security number associated with the account. Now, let's say Carmen and Chase go missing under mysterious circumstances and Jackie assumes full ownership of the account. If the bank fails, Jackie is now insured for only $250K, which means that she needs to make some changes, as well as probably answer a few questions. Meanwhile, @Emma Bezzle , the VILE accountant, is growing increasingly exasperated by this example and takes a minute to point out that FDIC insurance has never been used in the 87 years it's been around and is basically just a placebo to keep people from panicking.))

 

[Claire Yeon]

tl;dr you guys get referenced a lot when I teach my employees about banking industry regulations))

 

[Emma Bezzle]

@Claire Yeon, I love it!!))

 

[Laverna]

Hi chase

 

[Chase]

Hello

 

[Laverna]

*gives chase strawberry wine I had hidden in my room*

 

[Chase]

Hey, thanks. This is nice.

 

[Chase]

How are things, on that side?

 

[Laverna]

Its good over here. Mostly been working on my backstory and all.

 

[Chase]

Sounds great, anything you can share so far?