|
All you guys talking about the FDIC... do you even know what FDIC insurance is?
It protects you against failure and insolvency of the bank your deposits are held out. So if the bank shuts down or goes bankrupt, your funds are insured up to $100K per bank.
FDIC insurance has nothing to do with fraud prevention. Even if ePassporte's funds were held in a FDIC-insured account, DEA would have lost his money.
__________________
|