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Old 08-26-2004, 11:18 AM   #15 (permalink)
Nefir
Junkie
 
Location: Louisville, KY
Quote:
Not FDIC Insured • No Bank Guarantee • May Lose Value
Oh geez... that story is just awful. I feel sorry for that couple, and the other people who got screwed by this bank.

Anyone in the US opening an account with a non-FDIC-insured institution is taking one risk more... I'm sure the FDIC doesn't just insure banks because they ask for it - there are quality controls that must be met as well.
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