Are you worried that YOUR bank may go under? Have you taken precautions?

Question

In today's economic climate, we need to think the unthinkable. Only in that way can we be prepared for financial Armageddon.

Answer 1

With the FDIC insuring accounts up to $100,000, (I think that is the limit, it  may be more but definitely not less!) I have nothing to worry about and neither does the average working family.  If you do have that kind of money in a bank, separate it out into more than one account or bank to stay below the FDIC limit.  But really, no worries!

Answer 2

Yes, I may be the only one to answer your question, but I AM worried about our banking system and the entire U.S. economy.  I have taken certain precautions, and I will continue to take more steps as the economic collapse continues to escalate.  Any sane person would.

The FDIC is mainly a "feel-good" outfit designed to lull us into complacency.  It cannot possibly cover a system-wide banking failure, which we seem to see on the horizon.

Answer 3

Join a credit union with conservative lending policies.