Who’s at risk when banks fail?

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Small businesses, apparently. I happened to be reading a summary of the National Small Business Association’s Mid-Year Economic report and came across this:

Included in the report, 68 percent of small-business owners report that FDIC insurance is not adequate enough to insure their business accounts, and nearly two-thirds have already or are considering taking action such as spreading deposits across multiple institutions to reduce their financial risk.

Probably a good time to go ahead and do that.

Barbara!

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