Quote:
Originally Posted by ADL Colin
Yeah but historically small, local banks are at the greatest risk to go under during a credit crunch. Fine if you have less than $100k though.
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Its not really safe no matter what you have.
FDIC makes people feel safe by saying "INSURED UP TO 100k". If you read their small print (someone just pointed this out to me the other day) They have up to 20yrs I believe to pay off all the insured claims
