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To: patron_anejo_por_favor who wrote (150015)2/7/2002 9:12:14 PM
From: KeepItSimple  Read Replies (2) | Respond to of 436258
 
Wait, you're telling me that if I have 100,000 deposited in 3 seperate banks, and one bank goes under- the govt wont refund my 100k because I still have 200k of assets elsewhere?

Am I missing something?

I thought I could put 100k into a dozen banks and even if they all went under, my 1.2 mil would be made whole.

<<If and only if they do not have FDIC insured assets elsewhere. The insurer will check all FDIC insured assets one owns at all institutions using your social security number and you are only allowed to keep $100,000 total>>
Excellent point! Thanks for reminding me about that little wrinkle...now if I can only find enough empty coffee cans....<G>



To: patron_anejo_por_favor who wrote (150015)2/7/2002 9:14:07 PM
From: Joan Osland Graffius  Respond to of 436258
 
patron, >>now if I can only find enough empty coffee cans....<G>

Cream cans buried in the back yard will also get the job done. <ggg>

Joan



To: patron_anejo_por_favor who wrote (150015)2/7/2002 10:42:32 PM
From: Box-By-The-Riviera™  Respond to of 436258
 
actually it's according to account title.. if you are married you can sock up to 500k under fdic.



To: patron_anejo_por_favor who wrote (150015)2/7/2002 11:36:51 PM
From: LLCF  Read Replies (2) | Respond to of 436258
 
Is that right??? If I have 100k in 10 banks I get wiped out but 100K???? Thought that was the whole point of "brokered CD's"??? Anyone sure about that??

dak