Originally Posted by
Firewind
Moreover, it's amazing that anyone would ever keep more than $100,000 in one bank. I could see losing track for a while (up to as long as between tax statements, which would be irresponsible enough) but beyond that.....
I thought that the FDIC $100,000 limit was the total insured amount not the amount per bank. ie: if you put $100,000 in 10 different banks and they all went belly up you would only be insured for a total of $100,000.