Product Description In this eBook you will get: Answers to Common Questions • Do I Need to Know If My Bank Is Healthy? • How Can I Be Sure I’m Fully Insured? • What Happens If a Bank Fails? If you’ve ever wondered about the health of your banking institution, this eBook has answers to some common questions that can help give you peace of mind. To be confident that your deposits at an insured institution are fully protected, it’s important to understand how FDIC insurance works and how to get more help or information. This eBook has an overview. This eBook has important information about what the FDIC pays and when if an FDIC-insured bank or savings institution is closed by its federal or state government regulator. What can you do if your home equity line has been reduced or frozen? FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to ”verify” or “resubmit” (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here in this eBook are variations to know about. You’re probably already recycling paper, glass and plastic. But did you know you also may be able to help save the environment as you do your banking? There are options that may be available from your bank. Order Get A Good Nights Sleep today and learn more about the safety of your money.
Customer Reviews: The FDIC is broke!August 21, 2009 Fire in the sky(Chicago) Though this book provides good information in regards to how the FDIC protects your bank accounts, you need to remember that the FDIC is only as good as it's ability to pay you back your lost money in case of a banking collapse. Currently the FDIC only has enough reserves to replace 5% of the deposits on hand. The only way for them to get more reserves is to have Congress get them more money by borrowing from future generations and increasing the national debt or by increasing the amount of money they require from banks themselves which in turn will make the banks less profitable and more likely to close.
This is a no win situation! If there is a bank run on a mass scale, there is no possible way for you to get all of your money back. Start using that money to purchase gold and silver bullion as it will also protect you against inflation being caused by the Federal Reserve Bank.
