FDIC Bank Deposits of workers are safe up to $100,000.

Hello… Welcome to Employment Crossing News… I’m Evangeline Fabia. America’s Banking crisis has workers all over the country worried… if their Savings are at Risk. IndyMac became the largest regulated thrift to fail bank and reopened Monday with a new owner, the Federal Deposit Insurance Corp. also known as FDIC. The subprime lending issue surfaced almost a year ago, leaving financial institutions and regulators scrambling to contain the damage. The FDIC insures bank deposits up to $100,000 dollars per individual and up to $250,000 for funds in retirement accounts such as in an IRA. Sheila Bair, FDIC chairwoman said that Insured deposits are absolutely safe. The banking system as a whole is absolutely safe. How to find out if your money is insured, visit the FDIC website at www.FDIC.gov/deposit And visit us at Employmentcrossing.com. I’m Evangeline Fabia… thank you for watching Employment Crossing News. http://www.employmentcrossing.com ###

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Google Video | July 16, 2008

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