Does The Rescue Plan Make My Money Safe At The Bank [Pic]

The Rescue Plan. Is my money safe at the Bank?

Well to be honest, I would like to say yes. If you asked me the same question some months months ago, I would have undoubtedly said yes. Now however I actually have a sliver of doubt. It’s true that the Federal Deposit Insurance Corporation (FDIC) pledges to insure your money.

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This insurance comes fortunately or unfortunately comes from the US government, and the government itself is largely in debt. As we’ve seen with the $700 billion dollar bailout, the government is willing to take on more debt.

The problem is what happens if a lot of the bigger banks start having still more problems. How many billions or trillions or extra money does the government have to give people?

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