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FDIC-Backed Banks Can Fail
Jim Musselwhite (November 12th, 2008) Writes:
With big bank bailouts dominating the news, there’s no better time to get the truth about bank safety.
This informative article has been excerpted from Bob Prechter’s New York Times bestseller Conquer the Crash. Unlike recent news articles that are responding to the banking crisis, it was published in 2002 before anyone was even talking about bank safety. However, you may find the information even more valuable today than ever before.
For even more information on bank safety, visit Elliott Wave International to download the free 10-page report, Discover the Top 100 Safest U.S. Banks. It contains details on how you can protect your money from the current financial crisis, updated for 2008.
Risks in Banking
Between 1929 and 1933, 9000 banks in the United States closed their doors. President Roosevelt shut down all banks for a short …
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