Wamu

[Farbin Kaiber]

either way...everyone on this forum is covered.

Except for heeter, he is an economic powerhouse.

[Money$hit]

Just per bank, not per account... at least thats how I understand it.

Its per beneficiary. There are ways to structure the accts so that they are all covered.

Wamu failed because they had about a $16 billion dollar run on their deposit base this week alone.

[devonjordan]

Its per beneficiary. There are ways to structure the accts so that they are all covered.

Wamu failed because they had about a $16 billion dollar run on their deposit base this week alone.

Caused by people saying that WaMu is going down, haha.

I didn't realize the other ways to keep my massive amounts of monies safe, haha.

[Jand3rson]

Just per bank, not per account... at least thats how I understand it.

It's each depositor. It says it clear as day on the plaque that's on the front counter at every bank in the country.

[Mtriple]

The basic insurance amount is $100,000 per depositor, per insured bank.

You can spread it around to different banks or S+L's as long as they're FDIC insured.

http://www.fdic.gov/deposit/Deposits/insured/basics.html

[Money$hit]

250k if its an IRA. Credit Unions are not covered by FDIC though. They are covered under NCUA, which offers the same 100k backing. The credit union I work for also has private insurance to provide an additional 250k, bringing the total insurance to 350k.

[Good & Tight]

Sorry, missed that little gem in your post. Does your family own a bank?

And a HotDog Empire.

[Aptyp]

Rumors like that and people running to pull their cash it is what causes big problems. You can't have people making a run on a bank all at once on the same day...or a gas station or anything else of that matter.

Nice call.

[LEANE30]

Yep - pretty much any bank account is Federally insured up to $100,000 per individual ACCOUNT. You can even increase that amount of protected funds by filling out some paper work with your bank.....all you have to do is ask.

Stop panicing people - you're acting like the sky is falling. Which its not.

fixed for ya. ;)

the US is the country of contracts. that is why English is the Business language OF THE WORLD.

cover your ass letigeously and you'll be set.

[Mtriple]

And a HotDog Empire.

Hi Otis!

:mrgreen:

[Funkmasta]

And a HotDog Empire.

That doesn't look like Florida