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FDIC Insurance is now 250K per person

 
Anonymous Coward
User ID: 28760029
United States
02/09/2013 09:47 PM
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FDIC Insurance is now 250K per person
Banking system under strain. FDIC coverage just went from 250K per account to 250K per person.

h/t Ann Barnhardt

"And remember, total bank deposits in the U.S. are somewhere around TEN TRILLION DOLLARS and the FDIC deposit insurance fund as of March 31, 2012 had a whopping $15 BILLION.

"Bottom line: if you think your bank deposits are "insured" or "safe" because of FDIC protection, you're totally irrational"


"December 31, 2012
As scheduled, the unlimited insurance coverage for noninterest-bearing transaction accounts provided under the Dodd-Frank Wall Street Reform and Consumer Protection Act expired on December 31, 2012. Deposits held in noninterest-bearing transaction account are now aggregated with any interest-bearing deposits the owner may hold in the same ownership category, and the combined total insured up to at least $250,000."

[link to www.fdic.gov]

YOU CAN'T GO WRONG CONVERTING YOUR BERNACKE BUCKS INTO GOLD!

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