Quote:
Originally Posted by bkkandrew  The list had 117 banks as of June 30, up from 90 in the first quarter and the highest since mid-2003.... |
117 banks on a watch list seems like a lot of banks.
IndyMac was not even on a watch list. More reason, once again to make sure you keep your money under the $100,000 FDIC insured limit. Separate your funds into different bank accounts. Check Money-market and CDs also, and get proof of insurance on them
in writing from the bank. I've forgotten the exact FDIC rules regarding them, however.
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Princeton, Harvard, Yale....Bullets, Bombs, and Banks.
--Gerald Celente
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