Someone on TOTV in another thread suggested that, when buying brokered CDs, invest in larger banks "too big to fail," as the government has deemed the three failures so far. There was a source named for the list of the larger banks by asset size, which I printed out. I also saw a list of half a dozen banks on the "watch list" published by a Detroit newspaper in March. Then I looked at the Fidelity CD site. Their list of offered CDs included several larger banks and several regional banks. And, surprisingly to me, it included some CDs from banks, either on the watch list or with similar names, such as Comerica, Intrust, UMB. This info helps filter the numerous choices in buying brokered CDs. And avoiding altogether those on the watch list could save a lot of angst in the short run.
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