171 Banks ....

[john c]

listed by FDIC as troubled.  Can anyone give me a perspective on this?  Is 200 normal? Five?  Don't follow banks, so I don't know.  Never used to worry about bank failures or the insured amount.  Now I'm considering taking some fairly aggressive action moving money around.  But, if so, to where?

[majestic]

As long as your accounts are under 100k (or 250k, recently) you don't really need to worry. 

[john c]

Know that.  I want to know if the FDIC saying 171 banks are in danger is a big deal, so-so deal, normal deal ....

[majestic]

You said you were "moving money around" which I assumed meant you were worried about your funds. 

FWIW, look back to around 1995 to see the last time this many banks were in trouble.  Big deal?  I guess it could be.  Banks of this size will likely be absorbed by the "bailout" that you and I are paying for.

[Snort and Squeal]

You said you were "moving money around" which I assumed meant you were worried about your funds. 

FWIW, look back to around 1995 to see the last time this many banks were in trouble.  Big deal?  I guess it could be.  Banks of this size will likely be absorbed by the "bailout" that you and I are paying for.

They will be absorbed by the "bailout" that banks are borrowing from the Fed.  It's a capital infusion that must be repaid.  Further if a bank fails it is handled by the FDIC which is funded through the premiums that banks pay.