Quote:
Originally Posted by JA$ON
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  |
If you look at the most recent bank failures though all the bank deposits (up to $100k ) were transferred to another institution immediately. Funds available that same week.