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posted to rec.boats
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external usenet poster
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First recorded activity by BoatBanter: Jan 2008
Posts: 76
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Will losses at Bank of America...
On Wed, 23 Jan 2008 11:16:09 -0500, wrote:
On Tue, 22 Jan 2008 15:33:47 -0500, Salmon Bait
wrote:
FDIC is not a panacea for investing or any sort of risk/reward
arbitrage. Its looks good, but it's only so much per depositor - for
any real money, you'd have to have seperate accounts at seperate banks
which can be a nightmare - in particular if you don't actively manage
the accounts.
And it's only good for $100K per.
Depending on the way they're set up, it's possible to have multiple CDs
totally several hundred thousand in the same institution, all insured.
--
John H
Actually I prefer having m,oney spread out across several banks, If
nothing else, it is easier to "fire" one that isn't treating you right
if you have another bank you can swap into.
I'm down to two. It makes record keeping much easier.
--
Red Herring
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