Safe for the 1 percent: FDIC often insures much more than $250,000

July 24, 2012

That the U.S. Federal Deposit Insurance Corporation (FDIC) insures deposits in people’s bank accounts up to $250,000 is fairly common knowledge. What is less known is that this $250,000 cap is, in many cases, a fiction, because companies and savvy, wealthy depositors can circumvent it, or avoid it altogether.

Fun with numbers

February 26, 2009

It’s budget day in the USA, so we thought we’d have some fun with numbers. Assuming you’ve already seen the big news, we’ll go straight to the highlight: The $1.75 trillion fiscal 2009 deficit forecast  represents 12.3 percent of GDP, the largest since 1945.