I just found this article about how the FDIC deposit insurance may not cover or even work.

In the article, they say that as of now, they only have enough to cover 1% of the deposits. I wonder what happend to all that money? Or was there ever the money in it, to begin with?

Now I am not trying to scare my readers, but we all know that it is a pretty good chance that we will go into another depression. No matter what they may claim, its not going to save us. Yes, perhaps it will delay the crash, but like they say-"you can run, but you can't hide".

How do you feel about this?