Thursday, July 17, 2008

Insuring Against a Bank Run

Worried about the potential insolvency of Wachovia, SunTrust, Washington Mutual or some of the smaller Florida banks? Here are the rules about FDIC insurance.

The FDIC web site also has a consumer-friendly "insurance calculator" where you can check whether, and just how completely, your bank accounts are insured by FDIC. The answer you get may surprise you.

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