If a bank fails, the FDIC could take up to 99 years to pay depositors for their insured accounts.
This is a completely false notion that many bank customers have told us they heard from someone attempting to sell them another kind of financial product.
The truth is that federal law requires the FDIC to pay the insured deposits "as soon as possible" after an insured bank fails.
Historically, the FDIC pays insured deposits within a few days after a bank closes, usually the next business day. In most cases, the FDIC will provide each depositor with a new account at another insured bank. Or, if arrangements cannot be made with another institution, the FDIC will issue a check to each depositor.
You talking about the Honda Motocompo?
Please post this to new articles if it hasn't been posted yet.
On February 5, 2014, Slashdot announced through a javascript popup that they are starting to "move in to" the new Slashdot Beta design.
Slashdot Beta is a trend-following attempt to give Slashdot a fresh look, an approach that has led to less space for text and an abandonment of the traditional Slashdot look. Much worse than that, Slashdot Beta fundamentally breaks the classic Slashdot discussion and moderation system.
If you haven't seen Slashdot Beta already, open this in a new tab. After seeing that, click here to return to classic Slashdot.
We should boycott stories and only discuss the abomination that is Slashdot Beta until Dice abandons the project.
We should boycott slashdot entirely during the week of Feb 10 to Feb 17 as part of the wider slashcott
Moderators - only spend mod points on comments that discuss Beta
Commentors - only discuss Beta
http://slashdot.org/recent - Vote up the Fuck Beta stories
Keep this up for a few days and we may finally get the PHBs attention.
Captcha: fuckbeta
http://developers.slashdot.org...
http://developers.slashdot.org...
http://yro.slashdot.org/commen...
http://science.slashdot.org/co...
Always look over your shoulder because everyone is watching and plotting against you.