Anyone with uninsured deposits (those exceeding FDIC limits) at Washington Mutual are begging for trouble (money, analysis)

[gorgeet]

Anyone with uninsured deposits (those exceeding FDIC limits) at Washington Mutual are begging for trouble

Mish's Global Economic Trend Analysis: Uninsured Depositors At WaMu Are Begging For Trouble

[HappyTexan]

Anyone with uninsured deposits anywhere is asking for trouble.

And these will be the first people to start screaming about how their money is lost.

[phoenix_talons]

Is 100K the FDIC limit? It'll take at least three decades for my total balances to exceed that amount, assuming I'm still continually employed till then.

[Nor'Eastah]

Originally Posted by phoenix_talons

Is 100K the FDIC limit? It'll take at least three decades for my total balances to exceed that amount, assuming I'm still continually employed till then.

At the rate the FDIC is bailin' em out, it will run out of money before Labor Day. People think all deposits up to $100K are insured. NOT. The only insured ones are those in banks that fail before the FDIC runs out of funds.

Sobering thought. Any room under the mattress?