Originally Posted by
andreas500
FDIC insurance has nothing to do with whether there are sufficient funds to meet withdrawal demands (payments / checks) of individual accounts - only that accounts will be made whole (up to a limit) in case banks can not honor demands due to lack of solvency or assets.
Hmmm...that doesn't sound encouraging for our friends at One Commerce Square. I should have known that Menke's corporate photo smiling in a vacant MEM terminal was foreboding.