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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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To: Smiling Bob who wrote (87385)3/17/2013 10:01:30 PM
From: posthumousone1 Recommendation  Read Replies (1) of 119360
 
Is this true???? If so Holy Shite Reminder for Americans, I think FDIC insurance rules changed as of January 1, 2013. Now, only the aggregate of ALL your accounts is protected by the 'limit', no longer each individual account limit at various institutions. And while trillions are held in deposit accounts, the FDIC only has a few paltry billions to bail out all depositor accounts, and banks like BAC have been allowed to put trillion(s) in toxic assets on the public side of the ledger to be backed by FDIC. All of which means FDIC protection is a myth and Mowhawks for depositors must be on the table if a big bank stubs a toe. Somebody correct me if I'm wrong about the year end changes....
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