Sunday, March 15, 2009

Where to stash your cash

By Sidney Perez
NEW YORK (Fortune) -- Now that even the biggest banks are battling for survival, traditionally safe investments suddenly look fallible.
What happens to your money market account if your bank fails? Or even worse, if you buy a CD from someone like Stanford Financial, the bank that lured investors with above-average yields and allegedly funneled their money into a Ponzi scheme?

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