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To: KeepItSimple who wrote (150018)2/7/2002 9:16:31 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
No, but if multiple banks go under at once you'll only be able to collect from one. Just put it all in JPM and fuhgeddaboutit!<G> (and mix in a few T-bills and/or TIPS).



To: KeepItSimple who wrote (150018)2/7/2002 10:54:03 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 436258
 
kis, >>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?

You are correct.

Joan


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