Can you insure your bank account? i.e have all your money recompensated by the insurance company incase of bank failure.

Question

Can you insure your bank account? i.e have all your money recompensated by the insurance company incase of bank failure.

In: 0

Answer 1

Not Yet! With the privatization attempts at Social Security and Medicare, why not privatize this type of insurance? Consumers could choose whether they want this kind of insurance! Then a bank collapse could begin in earnest!

Thank God for FDIC!