This situation is worse that we thought, now one of the largest banks in the U.S. history has been seized due to bad loans. Having a savings and checking account in this bank leads me to now wonder what will happen to the little funds I have on reserve there. What will happen to my money? Will things still remain the same as it remains to my money and the interest I get?
It is said that alot of people did remove their money when they first heard of the threat of them going bankrupt. Now, I kind of wish I did the same.
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