cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board - Do you have a personal bank account with more than 100k?

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- - Do you have a personal bank account with more than 100k? (http://www.cougarguard.com/forum/showthread.php?t=23177)

Quote:

Originally Posted by minn_stat (Post 274189)

It seems to me that raising the FDIC limit to $250k is a pretty meaningless gesture - kind of like your typical American wedding these days. I don't know very many wealthy people, but the few I do know wouldn't even think of putting over $100k in a single account.

Those of you with financial acumen, is there really a non-symbolic usefulness to this act? If not, and we are truly in a "crisis", why are they wasting time on this type of nonsense?

small businesses might deal with a lot of liquidity and have more than 100k in an account.

Quote:

Originally Posted by MikeWaters (Post 273944)

If we had more Asians here, the number of big savers would be higher. As it is, we have a bunch of haoles who live hand to mouth.

By Bank account, are you including investment accounts? I thought it just meant FDIC insured accounts. I don't know anyone with over 100K in an FDIC insured account, since it's hard to make a decent return on one.