I agree: if you have under 100K in your account, your safe, to some extent anyway. But I also understand the economy is failing all over the nation. And its for this reason I put this thread up. I wouldn't be so sure that if you have =< $100,000 in your account that it's necessarily safe.       The FDIC currently has some $53 billion of funds available to pay depositors of defaulting banks of which upto $8 billion has now been eaten up by Indymac, which means should anywhere near the number of anticipated banks fail then the US Tax payer will be forced to step in to the tune of several hundreds of billions of dollars if not for over a trillion dollars.   Here's the full link to the article which the above quote came from:     http://www.marketoracle.co.uk/Article5461.html    Interesting that IndyMac alone chewed up $8 billion of the FDIC funds already. My biggest concern if I were living in the US now would be the credit taps running dry for companies which in turn would correlate directly with SMB's going under and unemployment skyrocketing. Think that the wetbacks are taking all the jobs now? Wait until employers will only consider hiring those willing to work in the $5-8 hourly wage range.    Not trying to cause panic here, but it looks like things are set to turn ugly and I always like to err on the side of caution.