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There was a time in the '70s when you could get CDs paying well over 10%.

When I was at Exxon in the early 1980's there were guys taking $100,000 loans from their 401k to purchase brokered CDs with 17% yields. Some of those banks went under, but as long as you FDIC insurance, all you lost was a few months interest.

One manager just below the VP level put over $500,000 in a Houston bank (FDIC protection at the time was limited to $100,000. He lost a good piece of it.)

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