What happens if your bank files bankruptcy and you have millions?
If your a multimillionaire and your bank goes bankrupt what happens to your money?
bank best answer:
Answer by cactusgene
Up to $ 500,000 you get back from the FDIC (fairly quickly) and for the rest you stand in line with all the other creditors and hope for the best. Diversify man, diversify, there is more than one bank in town!
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Paul Banks
Image by Valeria Melissia Rosalez
Paul Banks Interpol - Emo's Austin, TX - 02-24-03
Orignal From: What happens if your bank files bankruptcy and you have millions? and Paul Banks
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