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Thread: FDIC Shuts Down NetBank Due to Defaults
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Old Oct 1, 2007 | 4:30 pm
  #25  
dhuey
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Originally Posted by MCTUBBS
...dividend equal to 50% of your uninsured amount. These funds will be deposited directly into your account net of your uninsured portion.[/I]...
Yikes. It looks like a substantial loss of principal is in the cards for the uninsured portion of deposits.
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