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Credit Crisis Safety Plays: Three Steps to Take to Make Sure Your Bank is Safe
Seeing banks such as Wachovia Corp. (WB) get sold or Washington Mutual Inc. (WM) fail is scary for retail banking customers. But there are simple steps you can take to protect your bank assets.
A Money Morning reader recently wrote to say:
“I’m panicked. After watching the news and several banks fail, how can I know if my bank is safe? I’m retired and can’t afford to ‘lose it all’.”
With about 120 banks on the Federal Deposit Insurance Corp.’s troubled list and rumors swirling that as many as 200 more are in deep kimchee, we don’t blame you for asking – particularly since…
6Oct2008 | Money Morning | Comments Off | Continued
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