Thursday, February 28, 2008

Grim Banking Forecast

Today i saw a very interesting article by Ken the Bank Deals Guy where he is referring to a recent article on CNN about FDIC bracing for large number(100-200) of bank failures in the upcoming months(12-24). That is a big scary numbers. What happens to the contents stored for safeguarding at the safe deposit box when the bank goes under? Next time i visit my bank i will ask them this question and see what the reply is. This article further mentions how an individual can safe guard his deposits, i would recommend this article to all my viewers and readers. I bookmarked that article so that i can read it often.

I hope FDIC increases the $100,000.00 deposit insurance to cater for the inflation.

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