What Does FDIC Deposit Insurance Cover?

We all remember the “run” on the savings and loan in the movie “It’s a Wonderful Life“.  This is basically what happened that forced the Feds to take over WAMU. 
Washington Mutual, which was bought by JP Morgan after being grabbed by the US authorities late yesterday, was a major player in the controversial “option ARM” [...]

Wall Street in Despair

The latest collapses on Wall Street will no doubt stir up calls for more government regulation of financial institutions. Lehman Brothers is the latest Wall Street firm to go belly up with their filing for bankruptcy protection under chapter 11. Merrill Lynch was aquired by Bank of America because of the swift action [...]

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