Now, this really freaks me out!
Even before my own bank failed a few weeks ago, I had wondered...with all the bank failures, bail-outs and such...was it possible that the FDIC might run out of money, after covering so many failed banks and their account holders?
I read this story this evening, and have to admit, it makes me nervous!
I still have my (very small) accounts at the same bank that failed three weeks ago; I just keep enough money in there to keep the accounts open.
I'm waiting to see what happens. Are we going into a Depression? Are we already there? After all, the previous administration denied the Recession until it was already a fact for at least a year!
I look forward to President Obama's weekly address--he always gives me HOPE!
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