Thread: So, theres NO RECESSION, no DEPRESSION? OH YES THERE IS!
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Old 07-15-08, 07:47 PM   #14 (permalink)
Bleeding Head Ken
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Re: So, theres NO RECESSION, no DEPRESSION? OH YES THERE IS!
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Originally Posted by metreon View Post
Moreover, how efficient is it to have a spam of account statements every month because you need five or more accounts to stay safe?
The FDIC insurance only covers $100,000 per depositor per bank. Your hypothetical depositor might have to work with several banks to be fully covered.
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