Economy & Policy

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?

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