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FDIC Consumer News - Fall 2001
Special Report on FDIC Insurance
6. Sorry, that is incorrect.
The correct answer is "False."
"Customers often think that the FDIC has the option to cover their uninsured
deposits if they can show
they intended for their funds to be fully covered, but the deposit insurance
laws don't give us that
flexibility," says Kathleen Nagle of the agency's Division of Compliance and
Consumer Affairs in
Washington."
See
full story...
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