Joined
·
1,283 Posts
Top Economist: Americans Should Worry About Bank Deposits if Congress Doesn't Act
http://finance.yahoo.com/tech-ticke...n't-Act?tickers=LEH,MER,BAC,AIG,WM,^DJI,^GSPC
With the "financial storm of the century" hitting financial institutions, many Americans are worried about the safety of their bank deposits. While the FDIC insures individual accounts up to $100,000, the reaction to IndyMac's failure this summer -- lines outside retail branches -- shows Americans have limited faith in the Federal Deposit Insurance Corp., which guarantees individual accounts up to $100,000.
http://finance.yahoo.com/tech-ticke...n't-Act?tickers=LEH,MER,BAC,AIG,WM,^DJI,^GSPC
With the "financial storm of the century" hitting financial institutions, many Americans are worried about the safety of their bank deposits. While the FDIC insures individual accounts up to $100,000, the reaction to IndyMac's failure this summer -- lines outside retail branches -- shows Americans have limited faith in the Federal Deposit Insurance Corp., which guarantees individual accounts up to $100,000.
