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Old 07-25-2008, 05:48 PM   #35 (permalink)
Dan.Linehan
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Join Date: Oct 2006
Location: San Rafael, CA
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The FDIC only has assets to cover a little over 1% of what it is responsible for insuring.

Quote:
With the dollar falling and indications abroad that the ratings of U.S. Treasuries might be cut below AAA if the FED allows FNM and FRE access to the discount window, it would appear that the FDIC guarantee might be the least of your worries.

Still you might be well-served by keeping your deposits under $100,000 per account including C.D.'s. Of course, maintaining cash reserves outside the country might also be a good idea.

How Safe is your wealth with the FDIC?
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