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georgeecollins 2 days ago

Fidelity is very regulated, and large. If something happened it would be a systemic event that the government would definitely get involved. Wealthfront may be fine too, I just don't know.

aluminussoma 2 days ago | parent [-]

To put it differently, Yotta’s customer’s misfortunes are because they are poor and not politically connected. If Fidelity fails, their customers are rich and they vote: they must be made whole.

Kind of like the SVB failure. SVB customers were made whole. Systematic risk and all that.