SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: LLCF who wrote (150093)2/8/2002 12:13:07 AM
From: GraceZ  Read Replies (1) of 436258
 
This is my understanding as well. This is why I advise people to break up their cash assets like CDs and put them into different banks that are all insured by FDIC. Some elderly investors wind up chasing CD yields and wind up at these fly-by-night banks.

People found out about the 100k limit the hard way here in Maryland during the S&L crisis. Back then most of the S&Ls weren't even insured under FDIC. Some people had accounts temporarily holding money for home purchases frozen for months and lost a lot of their money. It was ugly, ugly, ugly.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News