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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: CalculatedRisk who wrote (87044)9/28/2007 5:12:19 PM
From: Perspective  Read Replies (1) of 110194
 
<The FDIC insures bank deposits of up to $100,000

NetBank had $109 million in deposit accounts that exceeded the FDIC limit. Those customers will become creditors in NetBank's receivership, the FDIC said. >

Ouch.

BC
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