Is Your Cash Safe?
Remember months back when I postulated that moving your assets to CASH was a prudent move?
Well, one news item over the weekend that jumped out at me was a story about how the FDIC was ramping up staff in their division of resolotions & receiverships. In fact, they are ramping up to the tune of 40% increase in staffing. They are also bringing back experienced retirees that dealt with the high number of bank failures from the 80's and 90's.
Hmmm?
Me thinks it be wise to not have more than the $100,000 FDIC insured limit in any one financial insitution these days. Cash is good, just make sure even your cash is safe.
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