Random Thought of the Day

Quote: odiousgambit

as I remember, it was a radio program on investing ... Ric Edelman possibly, and many years ago

as far as FDIC goes, I do believe it works like any insurance, but they are also 'the Feds' and can make a bank cut out bad behavior with Federal weight to it. Ultimately, full faith and credit is implied and for any imaginable scenario reliably there short of Armageddon, but I am not so sure that is spoken out in the rules.