The traditional United States financial underpinnings have been upended by unprecedented events in the credit and equity markets that began several weeks ago and continue to unfold as this article goes to press. As the final details of the bailout bill emerge (officially known as the “Emergency Economic Stabilization Act of 2008”), it is an especially appropriate time for you to review your banking relationships as you begin to assess the effect of theWall Street meltdown on your overall financial health and liquidity.
As the nation anxiously anticipates the new financial paradigm, a few questions may be on your mind relating to the impact of the bailout on the security of your bank deposits.
Check out the entire article for Fox Rothschild’s perspective.
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