Thursday, March 12, 2009

Good News for Joe the Saver

By Sheila C. Bayer

Over the past several months, the federal government has taken unprecedented steps to stabilize and protect our financial markets and the broader economy. While these actions were absolutely necessary, many Americans have been left scratching their heads about what these changes mean. Obscure acronyms and complex financial terms for many of these programs have only added to the confusion. But when you cut through all the clutter, there is good news out there for bank customers. Recent legislation signed into law provides more protection for everyone’s money.

Structuring your accounts properly is the key to maximizing deposit insurance protection.

With this year’s 75th anniversary of the Federal Deposit Insurance Corporation, I embarked on an aggressive campaign to remind all Americans about the important role that deposit insurance plays in ...

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