▲ | 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. |