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This extract from:
http://www.timesonline.co.uk/tol/new...cle4888292.ece
Quote:
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Even after the bailout announcement, there was renewed speculation that National City, one of the biggest mortgage lenders in Ohio [a key swing state], may be next. Fifteen banks in America have gone bust since the beginning of the year, rapidly depleting the federal insurance fund, which has just $45 billion assets but insures more than $1 trillion worth of deposits.
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More and more people are learning about just how much the FDIC has and that it is not enough. The "silent run" on banks right now is by those who know. Do not fear or panic but Protect yourself.
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