The Ethical Investor: Wall Street Ripoff #9 - Convincing You That Their Bank Is Stable and Safe
Category: MONEY
There is no reason to assume the big banks will be around in the long run. Therefore, do not take comfort that your money is safe with them. If you have less than $250,000 in an FDIC insured deposit account, then at least you have the US standing behind the claim. But, otherwise, beware.
By John R. Talbott, Contributor
Bestselling author of Survival Investing: How to Prosper Amid ..., 2012-10-26