Chris Rowe

Another Reason to Trade Options

    Tweet This

Also on their minds: Is there a way to get the FDIC to insure bank deposits for more than the $100,000?

When former Federal Reserve Vice Chairman Alan Blinder was recently asked how many more bank failures we're going to see, he replied "Probably dozens, if not scores."

So far this year, there have been nine bank failures and, because no advance notice is given to the public when a financial institution is closed, this can happen to your bank overnight.

In the case of the most recent victim, the nine branches of the Columbian Bank and Trust of Topeka reopened under the direction of another local bank. Of the Columbian Bank and Trust's $752 million, the bank held $46 million in uninsured deposits across approximately 610 accounts that potentially exceeded the insurance limits.

Their customers thought everything was safe and that nothing would go wrong, yet they found themselves literally locked out during bank hours with empty pockets, looking as though they were window-shopping for withdrawals.

Don't let this happen to you.

Even if you have a perfect credit score and you have enough in the bank to make five years' worth of mortgage payments, your money is NOT safe unless you take action today!

And even if I can't help you today, maybe I can help someone to whom you forward this article, and you just might be able to save somebody else hundreds of thousands, or even millions, of dollars.

I can show you how to avoid one of the worst scenarios -- your bank and deposits evaporating.