My wife and I just opened another bank account. This time we opted for some local little bank. Sure it's prudent to spread the eggs into multiple baskets for purposes of maximizing your FDIC insured deposits. But also, it's good to be in a handful of banks because, well, at some point the FDIC could be in deep feces.
In that case, FDIC insurance won't mean anything. In some convoluted way, the safest banks to have your money in are the ones likely to fail soon!
My new bank, Rockland Trust, currently has 7% of its float shorted. That means it should fail in the middle of the pack. Whew!
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