Six Illinois banks failed today

That was a cheery little site you found, NOLU

 

Best blog anywhere at the moment. It's a must read.

 

A few weeks back, This American Life had an amazing episode about what happens when a bank fails.

I do have some family members who have/had accounts at one of those tiny Illinois banks.

 

No wonder no one chased me when I stole that tank. Major League Baseball has spied on me for the last time!

Er, I mean, gotta go!

 

Its been discussed here before.

http://www.sportsjournalists.com/forum/posts/2198109/

 

Pics or GTFO. Thanks.

 

Anyone these days who is keeping more than the FDIC insured max of $100,000 in the same bank is a fool who will soon part with his money.

 

The FDIC will generally do everything it can to make sure people keep all of their money, beyond the max guaranteed.

 

Somehow, Bat, I don't think that's a problem at lot of us are having right now, more than 100K in a bank account. Unless you hit Powerball recently and never told me.

 

There. Are you happy?

 

I disagree on two points here. One, the FDIC insures up to $250,000 right now. Second, the majority of banks are perfectly safe places to park your cash, whatever the amount.

 

Closed for who?