The FDICs call for a bad bank to wipe away all bad assets from bank balance sheets may sound great at first but creating a bad bank doesn’t end the problem. Instead it transfers the loss from private companies to the balance sheet of the government. Read more…
In this scary credit scenario it’s important to know whether your investments are FDIC insured or you will feel the full brunt of a banking collapse. Stocks, bonds and mutual funds are left uncovered by the FDIC as are annuities and insurance but there is one more investment that may surprise you. The difference between a money market account and a money market fund will leave one insured while the other is uninsured. Read more…
