Your FDIC Insured Deposits are Safe- Sort Of

posted by   faizdesignrcr (1)   2 months ago (stockideas.org)

Christian Hill So far this year there have been nine bank failures. The most notable of the unfortunate few, IndyMac Bank based in California, had depositors lined up for days to withdraw their deposits before the bank officially folded. We are all told that if your bank goes belly-up, that your deposits are safe up to $100,000, guaranteed by the FDIC. And we all sleep better at night knowing this.