Quote:
Originally Posted by cobolt
What about just the average Joe who has money in an FDIC insured savings account? The FDIC states the money is insured to 100K but that doesn't mean you'll get penny to penny on the dollar. You could end up with .50 cents on the dollar. People don't think abou that. I mean would people really walk away with all their money if something were to happen? The Fed can't even manage it's own spending and runaway debt. Why should Joe Six pack think his savings account will be there?
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You're wrong. If your account is FDIC insured, you will get 100% of your money back, up to the $100k limit.
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