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To: Secret_Agent_Man who wrote (398149)	12/4/2009 7:25:40 PM
From: Amots	Respond to of 436258

Do you have official link ? I don't think they can do that without losing ton of customers

To: Secret_Agent_Man who wrote (398149)	12/4/2009 9:07:45 PM
From: Real Man	Read Replies (1) \| Respond to of 436258

FDIC has been broke for some time, so they are hiking rates. If it's official, I'd short the Hell out of them, gonna be a bank run. Folks are spooked. Anyhow, things are getting interesting again. Banks have been drifting down since mid-October. Something may be up, and the market should follow. IMHO.

To: Secret_Agent_Man who wrote (398149)	12/4/2009 9:20:49 PM
From: Elroy Jetson	Read Replies (3) \| Respond to of 436258

Quite a wrong understanding of the Bank of America change. Currently Bank of America and other banks participate in the temporary "Transaction Account Guarantee Program" which insures the full value of all non-interest bearing transaction accounts. After January 1, 2010 these transaction accounts at Bank of America will only be insured for the normal FDIC maximum of $250k for all accounts at the bank. bankofamerica.com Does Bank of America participate in the FDIC's Transaction Account Guarantee Program? Beginning January 1, 2010 Bank of America will no longer participate in the FDIC’s Transaction Account Guarantee Program. Thus, after December 31, 2009, funds held in noninterest-bearing transaction accounts will no longer be guaranteed in full under the Transaction Account Guarantee Program, but will be insured up to $250,000 under the FDIC’s general deposit insurance rules. .