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There are others on this board that know more about this than me, but I'm pretty sure that worrying about the FDIC insurance is mostly a waste of time. The chance that WAMU goes bankrupt, takes all of your money, and the government refuses to reimburse more than your 100k is pretty much zero.
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"NEW YORK, Sept 10 (Reuters) - Washington Mutual Inc (WM.N: Quote, Profile , Research) said on Monday that most U.S. housing markets are weakening, creating a "near perfect storm" that may force the largest U.S. savings and loan to set aside more money for bad loans."
http://today.reuters.com/news/articleinv...NG-UPDATE-3.XML
Who knows how bad things could possibly get in the year OP is gone. I don't think there is any reason to not make sure you are insured for all your money.