Thursday, March 05, 2009

More Great News

Who would have guessed:
March 4 (Bloomberg) -- Federal Deposit Insurance Corp. Chairman Sheila Bair said the fund it uses to protect customer deposits at U.S. banks could dry up amid a surge in bank failures, as she responded to an industry outcry against new fees approved by the agency.
Of course, that means that $250,000 FDIC insurance on your bank account will belly up about the same time as your bank will.

Better stash a few bucks under the mattress... If you want to keep eating.

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