[Brian S. Fitzgerald]

Why the panic when the FDIC covers your accounts? I don’t get it.

IN fact, even uninsured deposits over $100,000 are said to be safe.

http://www.chase.com/welcomewamu/

"Q. What if I have more than $100,000 at WaMu?

A. Your money is secure and now protected by the strength of Chase. Chase assumed all deposits of Washington Mutual."

[dalereed]

“What if I have more than $100,000 at WaMu?”

If it’s a joint account or a trust you’re good for $200k.