[dhs12345]

In $100K increments?... or whatever the new FDIC limit is now.

[fightinJAG]

It’s $250,000 now, I think. And, yes, “sophisticated investors” (the article’s term) are breaking their wads up into accounts so that each account balance is under the FDIC limit.

In fact, many financial advisors tell people to do that (have multiple accounts) if for some reason they want to keep cash reserves above the FDIC limit.

So what’s happening here is that seemingly the entire world is positioning itself to make a claim on the U.S. Treasury (taxpayer) should the global financial system go bust.

Thanks, Obama, Dodd and Frank.