Several months ago I cashed a check for about $2000. The teller said he would have to give it to me in $50 bills as they were out of $100’s!!! This was at a large national bank in a suburb of 40,000 people!
Really makes you wonder, doesn’t it? We already know the FDIC is as stable as the Obama administration so I view my exposure to it as I would investing in real estate in Key West........only what I can afford to lose to a Hurricane.