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What if my Bank Fails? Quick Q&A

Stockmasters Staff (July 14th, 2008) Writes:
great sucker punchMoral of the story, never, ever keep over $100K in any one bank, if you have more than that, split it up amongst a few banks.  Passing on a story from CNNMoney.com that is relevant after today's sucker punch to U.S. Financials. Via CNNMoney.com July 14, 2008: 04:19 PM EST NEW YORK (Associated Press) - The government's seizure of IndyMac Bank raises concerns for many consumers about whether their banks might be next. While it is unlikely the nation will see thousands of banks fail as they did during the savings and ...

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