But with only $13.6 billion (estimate, could be lower) the fund would be virtually exhausted with one more IndyMac size failure. The FDIC already has its hands full trying to deal with the public-private investment program that will put them in the business of putting out … So if you put your money in a mutual fund with Bank of America, that money isn’t protected from the shellacking the market took in the last year so make sure you know what is covered and what isn’t. …
Original post:
FDIC Insures $4.7 Trillion in Deposits with a $13.6 Billion …
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