We seem to have created a new device in Washington; it is a magic socializer wand. This wand sweeps aside constitutional limitations, enables the spending of trillions of dollars of tax payer money with little to no oversight and tramples any calls for informed debate.
With a puff of smoke, it instills fear into [...]

The FDIC (Federal Deposit Insurance Corporation) has released an interesting tool called EDIE the Estimator that can calculate your FDIC insurance coverage for each FDIC-insured bank where you have deposit accounts. EDIE lets you know in a printable report for each bank whether your deposits are within or exceed coverage limits.
Basically you type in all [...]

If you are lucky enough to have over $100k, then the CDARS (certificate of deposit account registry service) is a fast and simple way of getting up to $50 million insured on a single CD account.
How CDARS Works
First, you have use the CDARS website to see if there are any participating banks in your [...]

If you haven’t already heard, 2 more banks failed over the weekend—1st National Bank of Nevada and First Heritage Bank. 1st National Bank of Nevada got hit hard by tanking Las Vegas real estate, and First Heritage Bank was hemorrhaging cash from soaring foreclosures in California.
Was there any way that the public could have [...]

I dropped by an Indymac branch in San Marino, CA today to see what was going on.
I arrived with popcorn and soda, HOPING to see either a frenzied bank run or a bloody riot, but the bank was actually closed…
Many customers were confused about the details of FDIC insurance limits. I was confused [...]