Who’s at risk when banks fail?

By Barbara Kiviat | September 29, 2008 | +

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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curious steve

justin, if it’s a matter of spreading deposits around, what’s the worry?
rrsafety

Steve, who the heck wants 10 – 15 different bank accounts?
Bryan from Houston

They should raise the limit to $250k. It will show real confidence in the banks. And it will eliminate unjustifiable advanced accounting in dealing with too many banks.
curious steve

rrsafety, i don’t mind having 100 – 150 accounts, as long as i can minimize my share in subsidizing the absolutely immoral machine we have.
curious steve

rrsafety, i don’t mind having 100 – 150 accounts, as long as i can minimize my share in subsidizing the absolutely immoral machine we have.
Malcolm

curious (but not observant) steve,
This was posted by Barbara!, not Justin.

Malcolm!
curious steve

visually observant malcolm,

thanks for that important piece of “fact”.

now, let me go back to enjoying the once-in-a-lifetime show unfolding, ok?