FDIC regulators close seven banks; failures may cost insurance fund $7.33 billion

i always thought is was totally insane in the last two years to keep any of our reserve funds in non fdic insured funds. i wouldn’t keep my personal monies in a non fdic fund, yet i see every year on our co-ops financial that our reserve fund may not be fdic insured.

FDIC regulators close seven banks; failures may cost insurance fund $7.33 billion