It's Time For Savers To Check Their Safety Nets
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Failing banks and thrifts, teetering insurers and credit unions, municipalities defaulting on their bonds. Bad news about America's financial institutions has increased investors' concern over the safety of their funds.
To increase your own sense of security, now is the best time to take a closer look at what federally backed insurance covers--before your bank, credit union, or brokerage firm runs into trouble. You might also want to check what the "insurance" or "guarantee" on other investment products really means.