Chase and Citibank announced via their websites that they are no longer participating in Federal Deposit Insurance Company (FDIC) Transaction Account Guarantee Program. Both banks are still insured under the general FDIC program, however. What is the FDIC? It’s the government entity that makes it safer to keep your money in the bank rather than [...]
Entries Tagged as 'FDIC'
Chase and Citibank to Drop Out of FDIC Coverage Program
December 23rd, 2009 · 21 Comments · Banking
Tags: Chase·Citibank·FDIC·Transaction Account Guarantee Program
Bailout Package Essential for US and World Economic Health
September 30th, 2008 · 3 Comments · Economy
Yesterday, Cindy wrote about the $700 billion bailout package proposed by the House. The assumption at the time was that it would pass. News of the House rejection of the Plan yesterday stunned Wall Street and world markets. Some people cheered the rejection, as the plan has the reputation of charity to fat cats who [...]
Tags: Bailout Package·Bank Failures·Economic Health·FDIC·U.S.·Unemployment·World
