you want to know what pisses me off about this whole thing?....I’m a saver...I’m debt free...I did the right thing....and now my CDs up at the bank could be at risk.....and I count on those CDs for my fixed income retirement....meanwhile the gold card crowd keeps racking up the debt....when those fools default en masse’ they could take a lot of us down with them.
If you have less than $100,000 per bank the FDIC will insure it (however if a lot of banks fail at once, the Fed will probably start printing Zimbabwe dollars to cover the losses). If you have more than $100k per bank, you need to spread your money out.