With the recent failure of Washington Mutual, a lot of people are worried about their money. Should we be taking our money out of the bank so that it won’t disappear in a bank failure?
The answer is a very clear no. Thanks to the FDIC (created in 1933), insured accounts are safe in the bank up to $100,000 ($200,000 if a joint account with your spouse). Generally, …
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Written by Matt on September 30, 2008
