Bank Deals has posted the fourth bank failure of 2008, a little bank in Minnesota, along with a comprehensive guide about what to expect if your bank goes belly up.
Rule #1: Don’t have more than $100,000 in an account at any one bank.
Rule #2: (if you must break Rule #1) Understand the FDIC protections you are afforded.
A lot of people expect a lot of banks to go under because of CDO’s so keep a watchful eye out.
Tags: Banking, FDIC
0 comments ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment