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[0:19] ..." anything below 100000 dollars is safe. But for people who have a nest day more than that in one bag they're at risk."...
[1:39] ..." you see what amounts to. A depression era bank Ron in California indymac. "...
[2:05] ..." like they should take their money out and put it under their mattress that are really high risk strategy it's best to keep that money in the bank."...
[0:00]" The banks are really very very sick in fact the bank is the safest place for your money. No customers ever lost a single penny in an insured deposit when a bank has failed so customers' deposits. Are protected under that 100000 dollar insurance --"
[0:16]" Well that's really the the point is -- and anything below 100000 dollars is safe. But for people who have a nest day more than that in one bag they're at risk."
[0:27]" Well they they certainly are obviously they have -- 100000 dollars insurance protection that there are some simple options of what they can do it naked in fact. You talked to their bank many banks -- this product where they'll trade insured deposits with another bank so that in fact their customer. Can get more insured deposits that they still have the relationship but that single bank. Or sometimes you get evidence separate capacity to joint account is a different legal capacities in an account with an individual institutions it is a very simple ways to get more FDIC protection."
[1:00]" A lot of people say well we don't have sympathy for those -- more than 100000 dollars. But there is still people in the upper middle class that that really depend on that -- 100000 dollars frankly is it would use --"
[1:12]" Well that's true and we should point out -- for retirement accounts the -- insurance coverage is set to 250000. So there's a little more buffer there and obviously if you have more than a 100000 dollars -- rare -- Person better it's it's really the time to talk to the banker about the best place to to use your money get debt protection. That the bank is still the safest place to put your money."
[1:37]" Well it's certainly an important message when you see what amounts to. A depression era bank Ron in California indymac. "
[1:46]" Well that's absolutely correct I don't really understand nick has all those people that had insured deposits they're getting their money back and there's no question they get not only the deposits they have that they get the protection on the interest they've earned on those deposit so I can understand that there's nervousness but I would hate to -- people. Feeling like they should take their money out and put it under their mattress that are really high risk strategy it's best to keep that money in the bank."
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