Being familiar with fractional reserve banking is important imo. You don't have to be an expert but at least understand that banks do not keep your deposit. They do something else with it. They only keep a small percentage available to service their customers needs. Many if not most only keep about 10%. No big deal? It isn't as long as your money is available when you need or want it. What are you doing to minimize the effect of your bank shutting down for a few days or even indefinitely if they are failing? FDIC is not going to save you. Even more importantly, can you buy food or gas or pay your bills to keep your home and your family moving forward? Somehow we all must become our own bank as much as possible.
Using 50/50 power up because SBD is above $1. Just barely.