SUSAN TOMPOR: Brokered CDs may not be covered if bank fails

 31.05.2008 03:30   freep.com

Putting money into an FDIC-insured certificate of deposit called a brokered CD could seem like a no-brainer. It's insured after all, right? But some savers found unsettling hurdles with so-called brokered CDs issued through one distressed Arkansas bank that brought in money from savers nationwide.

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