Banks Present Own Crisis Plan to Fed - Yahoo! Finance

Banks Present Own Crisis Plan to Fed - Yahoo! Finance

Just remember, if you deposit money into a bank, you are the bank's creditor. The banks want a plan where creditors take the brunt of their failures. You are a creditor if you have money in a bank. 

Sure, the FDIC may be there for you, but I would not count on it. Derivatives get first pickings of the FDIC if anything could go wrong. 

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