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FDIC on checking accounts going to infinity

Nov 11, 2010 | Banking, Monetary Theory

Starting next year, the FDIC limit on checking accounts will increase from $250,000 to an unlimited amount.

What? Isn’t the FDIC broke already?

Yes, but why let that get in the way of a government (or quasi-government) policy.

This coverage amount will last until the end of 2012.

 CLICK FOR FULL ARTICLE – BROKE FDIC EXPANDS CHECKING INSURANCE

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303-747-6455
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Check the background of this investment professional on FINRA’s BrokerCheck

Registered Representative of and securities offered through Cambridge Investment Research, Inc. Member FINRA/SIPC to residents of: Alaska, Arizona, California, Colorado, District of Columbia, Florida, Massachusetts, Michigan, Missouri, Nebraska, Nevada, New Jersey, New Mexico, New York, Tennessee, Texas, Washington, Wyoming and the US Virgin Islands.

Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Generosity Wealth Management, LLC and Cambridge Investment Research, Inc. are not affiliated companies.

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