Since the other thread title does not accurately depict what is going to happen.
Quote:
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Federal Deposit Insurance Corp. Chairman Sheila Bair said the fund it uses to protect customer deposits at U.S. banks could dry up amid a surge in bank failures
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http://www.bloomberg.com/apps/news?p...d=alsJZqIFuN3k
This isnt doom and gloom predictions this is a real possibility, at best the FDIC would have to use taxpayer money to fund the insurance. Let me say this again, the FDIC will use YOUR money to protect YOUR money in bank accounts.
