By the end of 2009, more than 130 banks will have failed in the United States.
"A lot more banks … will close this year and next," Federal Deposit Insurance Corp. Chairman Sheila Bair said in November, only months after expressing grave concern for her agency's ability to insure trillions in at-risk deposits.
Most of us think the term "deposits" means funds you deliver to your bank for safekeeping, but for nearly 200 years the courts have sanctioned an interpretation of the term to mean a loan to your bank.
Troubled banks continue to dominate the headlines; this is no time to put your money at risk.
Create your free profile to download this powerful free report: Discover the Top 100 Safest U.S. Banks. Inside, you will receive:
The Top 100 Safest U.S. banks (two for each state) -- LATEST BANK RATINGS
Five incredibly risky banking conditions
How even the FDIC can't guarantee your money
How you can choose a safe bank
Tips on international safe banking
Lending vs. banking (the critical difference)
Why banks are reluctant to lend even after government bailouts
This free report is adapted from Robert Prechter's New York Times bestseller Conquer the Crash and updated with the latest data to help you prepare for 2010. Make your money safe now. Please download your free report.
Create your free profile to download your "Safe Banks" report.
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