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What You Need to Know About FDIC Insurance

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posted on Jul, 18 2008 @ 10:50 AM
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What You Need to Know About FDIC Insurance


www.cnbc.com

Last week the mortgage bank IndyMac was taken over by the FDIC because it was no longer solvent, and some bank depositors are going to lose 50% of their money.
(visit the link for the full news article)




posted on Jul, 18 2008 @ 10:50 AM
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In light of recent financial events, it seems this is an appropriate little primer on FDIC coverage of bank deposits.

The truth is, many bank officials (like tellers) are woefully ignorant or misinformed regarding the actual fine points of FDIC insured bank accounts. If you ask them, you may be in for a terrible shock, should the worst come to pass at your bank!

www.cnbc.com
(visit the link for the full news article)



 
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