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I am afraid to browse your list. A couple of years ago I read that the FDIC couldn't possibly cover all of the savings account in all of the banks if there was a collapse, even with the monetary limitation imposed as to all accounts in any one bank. If savings accounts add up to an effort doomed to failure, then where do people put the money they would traditionally put in savings accounts? If people withdrew their savings, that would precipitate the very disaster we hope to avoid. No one wants to see a run on the banks. But if there is one, no one wants to be last in line either.
Just saying.... posted 07/03/2008 at 22:04:03