Thread: Are Any Non Mega Banks Safe Enough To Ignore 100K FDIC Limit?
View Single Post
  #34  
Old 11-16-2007, 07:32 PM
spider spider is offline
Senior Member
  
Join Date: Sep 2004
Location: Wash DC
Posts: 592
Default Re: Are Any Non Mega Banks Safe Enough To Ignore 100K FDIC Limit?
Citibank & Bank of America could arguably be described as too big to fail (though this is always at the discretion of the feds). Nevada State Bank is not too big to fail...

Another option is just to buy Treasuries or a Treasury ETF. .05% is a pretty small probability. Probably tough to get that level of certainty and make any more money than you would in Treasuries (outside of spreading the money around to have FDIC protection).

But geez, if you are talking about a million or so, just hire somebody to take care of this!
Reply With Quote