[GregoryFul]

There are lots of small businesses who do not want to be exposed to overnight bank failures when they deposit monies exceeding $100 k for payrolls. And overnight bank failures are getting pretty common.

I've got brokerage accounts that I want to move around large sums from time to time. I have to heed the paltry limit so as not to expose myself to frozen or vanished deposits.

I recently established a second bank account at a small, well rated local bank just to avoid trouble with FDIC & bank failure, and shortly thereafter, my primary bank, Wachovia, vanished into that good night - luckily, as it seems, deposits guarded.

[Sunnyflorida]

“well rated local bank”

There are plenty of these. One of the great lies is that all banks are in jeopardy. Jim Cramer is spreading this lie.