No idea if FDIC insured or anything else. No info at article.
4 Likes
Here is what the Peter Thiel backed GloriFi is telling its customers
More on this ideological fin-tech fail: 'Anti-Woke' Bank GloriFi, Backed by Peter Thiel, Folds After 3 Months.
It is not clear whether GloriFi or its customers accepted the socialism of the FDIC.
4 Likes
This is on the website (in the fine print):
" GloriFi™ is a financial technology company, not a bank. Banking services provided by TransPecos Banks, SSB, Member FDIC "
JimA
5 Likes
The losses are always socialized. Making the best capitalists socialists but only for their own well being.
3 Likes