Thursday, July 9, 2009

52 pick up?

Year to date 2009, the FDIC has closed 52 banks. Smell fishy to you? How many of these underfunded critters are out there? Could my new bank be next?

Just follow the money trail....

1 comment:

  1. The FDIC does not close banks. The state regulators close the bank and name the FDIC receiver. Your new bank should be a bank deemed "too big to fail". BOFA, WELLS, CHASE, CITI.

    Then again, if you just follow the rules and spread your fortune out, you'll always be insured and never lose a dime, no matter which little critter fails.