Friday May. 25, 2012
Comments on:
Historically low interest rates make the investment untenable
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By H2OSNOSKI on 11-09-09
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The maximum FDIC is $250,000.  Thats’s 140 local banks for the $35M.  Pleas identify the 140 local banks for tax payer knowledge.
By JohnGalt on 11-09-09
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Per state requirements, banks have to pledge collateral for government deposits meaning 100% of the money is secured.  There are also ways to get above $250,000 in FDIC insurance at one financial institution.

http://www.myfdicinsurance.gov/