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Subject:  Re: Hocomania still active Date:  5/12/2021  12:47 PM
Author:  intercst Number:  102724 of 103842

CuriousQ writes,

IIRC, the FDIC insurance was "per entity" or some such wording. So, you could get insured to the max in one account of John Smith, another of J.W. Smith and still another of Mr. and Mrs. John W. Smith. So, it took a small bit of care to make sure large amounts were insured, but you could do it.


Yeah, the smart ones were putting $100,000 each in the husband & wife's account. The guy with the $500,000 problem put it all in his personal checking account a few days before the bank went under.

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