B of A not FDIC insured- look at the bottom!

B of A not FDIC insured- look at the bottom! (Full Version)

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pahunkboy -> B of A not FDIC insured- look at the bottom! (12/9/2009 12:57:58 PM)
http://www.bankofamerica.com/deposits/checksave/index.cfm Check out the 3 boxes at the bottom. "not FDIC insured" So the brokerage- is posing as a bank which people think is insured. Interesting, isn't it? Ok- on a re-read maybe it is just a bad web page design. That the investments, are not insured... but it is not clear if BA accounts are "investments". a bit confusing.

mnottertail -> RE: B of A not FDIC insured- look at the bottom! (12/9/2009 1:17:32 PM)
no investments are FDIC insured, regardless of bank or brokerage. thats why folks lose money, in those places, you see. Bernie Madoff, et al.

pahunkboy -> RE: B of A not FDIC insured- look at the bottom! (12/9/2009 3:00:17 PM)
quote: ORIGINAL: mnottertail no investments are FDIC insured, regardless of bank or brokerage. thats why folks lose money, in those places, you see. Bernie Madoff, et al. It does seem tho- that the page would clearly indicate that BA checking and savings ARE FDIC insured. Even when I click details I don't see that. Some accounts do a sweep thing. In and out. So it is possible that one mode is insured the other is not. The fed no longer insures money market funds. They did for a while but now have dropped it.

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