someone else mentioned this when I related the story. I thought FDIC money was our tax dollars at work. But apparently banks have to have like $500 million in reserves in order to be FDIC insured? Still I'm sure the banks pass the cost onto the customer. The banks can't have just tons of extra money lying around for potential robbers' benefit. Heck I could jus go rob a bank, no one's money is in danger so what difference does it make?
--- In [email protected], "David Patch" <[EMAIL PROTECTED]> wrote: > > --- In [email protected], "Ellen" <ellengoodman6@> > wrote: > > > > I said customers have a right to know if their money is safe > > and also that they are safe, and also if they aren't already customers > > they have a right to the information to determine if they want to have > > an account there. > > Bank robberies don't pose any particular threat to the security of > one's account; that's part of what the FDIC is for, isn't it? If a > particular branch were getting hit often, I might be concerned about > my personal safety visiting that branch, but I'm not sure I'd rely on > the bank to provide that information. >
