There will NOT be a ....Run On Banks...All accounts insured up to $250,000. [View all]

[Stuart G]

If the bank goes broke, you get your money back ...up to $250,000...Yes, banks have gone broke, and Savings and Loans too, (they also have same kind of insurance)...and savers have got their money back...from their accounts...
...........ALL THEIR MONEY BACK...ALL, up to $250,000


.....This was passed by the Congress in the 30s to prevent future runs on banks...It wasn't that large of an amount, but it has gone up since then...up to $250,000...................


JUST SO YOU KNOW, IT WAS PASSED BY A DEMOCRATIC CONGRESS!!!!