Quote:
Originally Posted by Broken5hift
yep, the FDIC only insures the deposits, not the assets. still a troubling number though.
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however, the FDIC only insures the first 100k for any individual, and like the article said, 250k for retirement accounts, so a family could have up to 450k insured...
that being said, there are possibly some people that lost money that won't have to be repaid by the FDIC which would bring down their responsibility, but i doubt it would be much... i'd like to think that people with that much liquid cash would be smarter about where they put it...
i'd like to think a lot of things, but i'm often proved wrong by human stupidity