Tag Archives: fdic

Is My Bank FDIC Insured ?

Don’t panic in this troubled financial turmoil,

Your accounts are insured up to $100,000 per person by FDIC (Federal Deposit Insurance Corporation), Federal deposit insurance protects the first $100,000 of deposits that are payable in the United States.

But, Never keep more than $100,000, including interest, in any FDIC insured account. (Note: For some retirement accounts, the limit vary ..check your bank)

America’s Subprime Crisis – Timeline

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Here is the experts from the CNN Subprime crisis: A timeline ; mortgages crisiswhich began to surface less than 2 years ago.

  • Feb. 7, 2007HSBC announces anticipated losses from rising defaults of subprime mortgages in the United States.
  • April 2, 2007 – New Century Financial files for bankruptcy.