Re: I think the federal rates are going to go up.
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Look at countrywide. Offering the best rates in the United States on 1-year CDs. I don't think it's a fluke.
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They have to pay high rates in order to find people stupid enough to put money in their banks. They are broke and they are desperate for suckers to fund their business. I wouldn't leave one penny in their banks. They are going bust.
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Actually deposits in the Countrywide Bank are federally insured up to $100,000.
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