June 28, 2009

Update: Should You Pull Your Money Out?

Last September, shortly after the FDIC Chairwoman's press conference announcing 117 banks were on the FDIC Watch list, I wrote about whether or not we should feel comfortable with our money in the bank - especially as we become more and more a cashless society, using debit cards and credit cards for even the smallest purchases. That article had lots of details that I'm not going to repeat here, but it's worth a re-read if you're interested in this sort of thing.

That post got lots of traffic, I got lots of emails, and it also appeared in several publications. And, today, when I read the news that last Friday, five more banks were closed across the country (bringing the total to 45 closures so far this year), I thought I'd look into this issue a bit more. And here's what I've found.
Related Posts Plugin for WordPress, Blogger...